Tritax Big Box REIT (LON:BBOX) Hits New 12-Month Low – Here’s What Happened

Tritax Big Box REIT plc (LON:BBOX) hit a new 52-week low on Friday . The company traded as low as GBX 139.40 ($1.81) and last traded at GBX 140.20 ($1.82), with a volume of 8503225 shares. The stock had previously closed at GBX 141.10 ($1.83).

Wall Street Analysts Forecast Growth

BBOX has been the topic of a number of recent research reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 210 ($2.72) target price on shares of Tritax Big Box REIT in a research note on Friday, July 12th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Tritax Big Box REIT in a research note on Friday, July 12th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 182 ($2.36) target price on shares of Tritax Big Box REIT in a research note on Wednesday, August 28th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 191.75 ($2.49).

Tritax Big Box REIT Stock Performance

The company has a market cap of £3.48 billion, a price-to-earnings ratio of 2,001.43, a P/E/G ratio of 2.05 and a beta of 0.89. The company has a fifty day moving average of GBX 157.98 and a two-hundred day moving average of GBX 158.01. 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 Dividend Announcement

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

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. 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.