Tritax Big Box REIT (OTCMKTS:TTBXF) Shares Gap Down – Here’s What Happened

Tritax Big Box REIT plc (OTCMKTS:TTBXF)’s share price gapped down before the market opened on Monday . The stock had previously closed at $2.42, but opened at $2.16. Tritax Big Box REIT shares last traded at $2.16, with a volume of 4,704 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Zacks Research raised Tritax Big Box REIT from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 1st. BNP Paribas Exane assumed coverage on shares of Tritax Big Box REIT in a research note on Wednesday, July 1st. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Tritax Big Box REIT Trading Down 0.5%

The company has a 50-day simple moving average of $2.02 and a two-hundred day simple moving average of $2.04.

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.