Tritax Big Box REIT (LON:BBOX) Share Price Breaks Above 50-Day Moving Average – Should You Sell?

Tritax Big Box REIT plc (LON:BBOX) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 147.25 and traded as high as GBX 149. Tritax Big Box REIT shares last traded at GBX 148.50, with a volume of 4,752,293 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Peel Hunt reissued an “add” rating and set a GBX 180 price objective on shares of Tritax Big Box REIT in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Tritax Big Box REIT from GBX 190 to GBX 195 and gave the company a “buy” rating in a report on Wednesday, August 26th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 201 price objective on shares of Tritax Big Box REIT in a research note on Thursday, October 15th. Finally, Berenberg Bank lowered their target price on Tritax Big Box REIT from GBX 196 to GBX 188 and set a “buy” rating for the company in a report on Tuesday, September 8th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 183.43.

Tritax Big Box REIT Stock Performance

The business has a 50-day moving average of GBX 147.25 and a two-hundred day moving average of GBX 155.32. The company has a market cap of £4.35 billion, a P/E ratio of 14.20, a P/E/G ratio of 2.05 and a beta of 1.74. The company has a debt-to-equity ratio of 52.13, a current ratio of 0.74 and a quick ratio of 0.42.

Tritax Big Box REIT (LON:BBOX) last posted its earnings results on Wednesday, August 5th. The company reported GBX 4.41 earnings per share (EPS) for the quarter. Tritax Big Box REIT had a return on equity of 5.39% and a net margin of 76.38%. On average, sell-side analysts predict that Tritax Big Box REIT plc will post 8.97 EPS for the current fiscal year.

About Tritax Big Box REIT

Tritax Big Box REIT plc (ticker: BBOX) is the largest listed investor in high-quality logistics warehouse assets and controls the largest logistics-focused land platform in the UK. Tritax Big Box targets attractive and sustainable returns for shareholders by investing in and actively managing existing built investments and land suitable for logistics development. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade clients on long-term leases with upward-only rent reviews and geographic and client diversification throughout the UK.