Tritax Big Box REIT (OTCMKTS:TTBXF) Trading Up 15.2% – Still a Buy?

Tritax Big Box REIT plc (OTCMKTS:TTBXF) was up 15.2% during trading on Tuesday . The stock traded as high as $2.03 and last traded at $2.03. Approximately 1,225 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 2,330 shares. The stock had previously closed at $1.7615.

Analysts Set New Price Targets

Separately, Zacks Research raised Tritax Big Box REIT to a “hold” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Tritax Big Box REIT Stock Up 2.5%

The company has a 50-day simple moving average of $2.00 and a 200 day simple moving average of $1.99.

Tritax Big Box REIT Company Profile

Tritax Big Box REIT (OTCMKTS: TTBXF) is a real estate investment trust specializing in large-scale logistics and distribution properties across the United Kingdom. The company focuses on acquiring, managing and leasing modern “big box” warehouses that serve as critical nodes in e-commerce, retail and third-party logistics networks. Its assets are designed to offer high quality, sustainable space with efficient floor plans, abundant parking and strong transport links.

The REIT’s portfolio is externally managed by Tritax Management LLP, a specialist real estate investment manager with experience in the logistics sector.