Tritax Big Box REIT (LON:BBOX) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Tritax Big Box REIT plc (LON:BBOX) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 154.45 and traded as low as GBX 149.30. Tritax Big Box REIT shares last traded at GBX 150.60, with a volume of 4,521,850 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group dropped their price objective on shares of Tritax Big Box REIT from GBX 190 to GBX 180 and set a “buy” rating on the stock in a report on Monday, March 30th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 212 price objective on shares of Tritax Big Box REIT in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock a “buy” rating in a report on Friday, March 20th. Shore Capital Group reissued a “buy” rating on shares of Tritax Big Box REIT in a report on Thursday, January 22nd. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 230 price objective on shares of Tritax Big Box REIT in a report on Monday, January 26th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 212.

Tritax Big Box REIT Price Performance

The firm’s 50-day moving average is GBX 154.53 and its two-hundred day moving average is GBX 154.50. The company has a market cap of £4.07 billion, a P/E ratio of 10.47, a PEG ratio of 2.05 and a beta of 1.75. The company has a debt-to-equity ratio of 52.74, a current ratio of 2.38 and a quick ratio of 0.42.

Tritax Big Box REIT (LON:BBOX) last announced its quarterly earnings results on Friday, February 27th. The company reported GBX 8.38 earnings per share for the quarter. Tritax Big Box REIT had a net margin of 111.98% and a return on equity of 5.78%. Analysts anticipate that Tritax Big Box REIT plc will post 8.9700057 earnings per share for the current year.

Insiders Place Their Bets

In other Tritax Big Box REIT news, insider Alastair Hughes sold 76,783 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of GBX 153, for a total transaction of £117,477.99. 0.07% of the stock is owned by company insiders.

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. Tritax Big Box targets attractive and sustainable returns for shareholders by investing in and actively managing existing built investments and land suitable for logistics development. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade clients on long-term leases with upward-only rent reviews and geographic and client diversification throughout the UK.