Tritax Big Box REIT’s (BBOX) Underweight Rating Reiterated at Barclays

Barclays restated their underweight rating on shares of Tritax Big Box REIT (LON:BBOX) in a report published on Thursday morning, Digital Look reports. Barclays currently has a GBX 130 ($1.70) target price on the stock, down from their prior target price of GBX 155 ($2.03).

BBOX has been the subject of several other research reports. Royal Bank of Canada reiterated an outperform rating and issued a GBX 195 ($2.55) price objective on shares of Tritax Big Box REIT in a research report on Thursday, August 15th. Liberum Capital restated a hold rating on shares of Tritax Big Box REIT in a research report on Thursday, August 8th. Finally, Numis Securities restated a hold rating and issued a GBX 143 ($1.87) price target (down previously from GBX 153 ($2.00)) on shares of Tritax Big Box REIT in a research report on Thursday, May 16th.

The company has a fifty day moving average of GBX 153.39. Tritax Big Box REIT has a fifty-two week low of GBX 1.48 ($0.02) and a fifty-two week high of GBX 156.60 ($2.05).



Tritax Big Box REIT (LON:BBOX) last released its quarterly earnings data on Thursday, August 8th. The company reported GBX 3.41 ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 3.50 ($0.05) by GBX (0.09) ($0.00).

The company also recently declared a dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were given a GBX 1.71 ($0.02) dividend. This represents a dividend yield of 1.08%. The ex-dividend date was Thursday, July 25th.

In other news, insider Aubrey Adams purchased 36,957 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was acquired at an average price of GBX 143 ($1.87) per share, for a total transaction of £52,848.51 ($69,055.94).

About Tritax Big Box REIT

Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets ("Big Boxes") in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and pre-let forward funded developments, the Company focuses on well-located, modern "Big Box" logistics assets, typically greater than 500,000 sq.

See Also: Compound Annual Growth Rate (CAGR)

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