Tritax Big Box REIT (OTCMKTS:TTBXF) Shares Gap Down – Should You Sell?

Tritax Big Box REIT plc (OTCMKTS:TTBXF)’s share price gapped down before the market opened on Monday . The stock had previously closed at $2.43, but opened at $2.06. Tritax Big Box REIT shares last traded at $2.06, with a volume of 826 shares.

Wall Street Analyst Weigh In

TTBXF has been the subject of several analyst reports. BNP Paribas Exane initiated coverage on Tritax Big Box REIT in a report on Wednesday, July 1st. They issued an “outperform” rating for the company. Zacks Research cut Tritax Big Box REIT from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Tritax Big Box REIT has a consensus rating of “Moderate Buy”.

Tritax Big Box REIT Stock Down 15.2%

The firm’s 50-day moving average price is $2.17 and its 200 day moving average price is $2.11.

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.