Tritax Big Box REIT plc (LON:BBOX) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Tritax Big Box REIT has a “Moderate Buy” consensus rating from eight analysts, with seven recommending a buy and one a hold. The average 12-month price target is GBX 198.88, above the stock’s GBX 147.64 opening price.
• Recent broker updates were broadly positive: Jefferies maintained a buy rating with a GBX 208 target, while JPMorgan, Deutsche Bank, and others adjusted targets ranging from GBX 180 to GBX 195; Berenberg reduced its target to GBX 188 but retained a buy rating.
• The company reported quarterly EPS of GBX 4.41, with a 76.38% net margin and 5.39% return on equity. Tritax Big Box focuses on UK logistics warehouses and development land leased primarily to institutional-grade tenants on long-term contracts.

Tritax Big Box REIT plc (LON:BBOX - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 198.88.

A number of equities research analysts recently commented on BBOX shares. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 208 target price on shares of Tritax Big Box REIT in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. Peel Hunt restated an "add" rating and set a GBX 180 price objective on shares of Tritax Big Box REIT in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Tritax Big Box REIT from GBX 190 to GBX 195 and gave the company a "buy" rating in a research note on Wednesday, August 26th. Finally, Berenberg Bank dropped their price objective on shares of Tritax Big Box REIT from GBX 196 to GBX 188 and set a "buy" rating on the stock in a report on Tuesday.

Tritax Big Box REIT Price Performance

Shares of BBOX opened at GBX 147.64 on Friday. The firm has a market capitalization of £4.32 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 2.05 and a beta of 1.75. The company has a debt-to-equity ratio of 52.13, a current ratio of 0.74 and a quick ratio of 0.42. Tritax Big Box REIT has a 1-year low of GBX 135.20 and a 1-year high of GBX 175. The company's fifty day moving average price is GBX 161.88 and its 200-day moving average price is GBX 156.17.

Tritax Big Box REIT (LON:BBOX - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported GBX 4.41 earnings per share (EPS) for the quarter. Tritax Big Box REIT had a return on equity of 5.39% and a net margin of 76.38%. On average, equities research analysts predict that Tritax Big Box REIT will post 8.9700057 EPS for the current year.

Tritax Big Box REIT Company Profile

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.

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