Tritax Big Box REIT (LON:BBOX) Sets New 1-Year Low – Here’s Why

Tritax Big Box REIT plc (LON:BBOX) shares hit a new 52-week low on Monday . The stock traded as low as GBX 133.90 ($1.69) and last traded at GBX 133.90 ($1.69), with a volume of 1092661 shares. The stock had previously closed at GBX 136.36 ($1.72).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 182 ($2.29) price objective on shares of Tritax Big Box REIT in a research report on Wednesday, August 28th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Tritax Big Box REIT has an average rating of “Buy” and a consensus target price of GBX 191.75 ($2.42).

Tritax Big Box REIT Price Performance

The company has a market cap of £3.32 billion, a price-to-earnings ratio of 1,944.29, a PEG ratio of 2.05 and a beta of 0.89. The company has a 50-day simple moving average of GBX 152.61 and a 200-day simple moving average of GBX 157.19. The company has a debt-to-equity ratio of 43.99, a quick ratio of 0.42 and a current ratio of 0.54.

Tritax Big Box REIT Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, October 31st will be given a GBX 1.83 ($0.02) dividend. This represents a yield of 1.2%. The ex-dividend date is Thursday, October 31st. Tritax Big Box REIT’s payout ratio is 11,428.57%.

Tritax Big Box REIT Company Profile

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. BBOX is committed to delivering attractive and sustainable returns for Shareholders by investing in and actively managing existing built investments and land suitable for logistics development.