Tritax Big Box REIT (LON:BBOX) Hits New 1-Year Low – What’s Next?

Tritax Big Box REIT plc (LON:BBOX) shares hit a new 52-week low on Monday . The stock traded as low as GBX 131.30 ($1.66) and last traded at GBX 132.30 ($1.67), with a volume of 3269950 shares traded. The stock had previously closed at GBX 133.30 ($1.68).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 182 ($2.30) price target 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, the company currently has an average rating of “Buy” and an average target price of GBX 191.75 ($2.42).

Tritax Big Box REIT Price Performance

The firm’s 50-day moving average price is GBX 143.03 and its two-hundred day moving average price is GBX 154.09. The stock has a market cap of £3.28 billion, a PE ratio of 1,904.29, a PEG ratio of 2.05 and a beta of 0.89. The company has a current ratio of 0.54, a quick ratio of 0.42 and a debt-to-equity ratio of 43.99.

Tritax Big Box REIT Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, October 31st were given a dividend of GBX 1.83 ($0.02) per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a yield of 1.2%. 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.