Tritax Big Box REIT plc (LON:BBOX) Plans GBX 1.83 Dividend

Tritax Big Box REIT plc (LON:BBOX) declared a dividend on Thursday, October 10th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 31st will be given a dividend of GBX 1.83 ($0.02) per share on Wednesday, November 27th. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 31st. The official announcement can be accessed at this link.

Tritax Big Box REIT Price Performance

Shares of Tritax Big Box REIT stock traded down GBX 0.70 ($0.01) during midday trading on Thursday, hitting GBX 152.30 ($1.99). 8,667,058 shares of the company traded hands, compared to its average volume of 8,756,550. The stock has a market cap of £3.78 billion, a price-to-earnings ratio of 2,173.29, a PEG ratio of 2.05 and a beta of 0.89. The company has a debt-to-equity ratio of 43.99, a quick ratio of 0.42 and a current ratio of 0.54. The firm’s fifty day moving average price is GBX 161.23 and its 200-day moving average price is GBX 158.33. Tritax Big Box REIT has a 12 month low of GBX 127.10 ($1.66) and a 12 month high of GBX 173 ($2.26).

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Tritax Big Box REIT in a report on Friday, July 12th. Jefferies Financial Group reissued a “buy” rating and set a GBX 210 ($2.75) target price on shares of Tritax Big Box REIT in a report on Friday, July 12th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 182 ($2.38) price target on shares of Tritax Big Box REIT in a research report on Wednesday, August 28th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 191.75 ($2.51).

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.