Tritax Big Box REIT (LON:BBOX) Reaches New 1-Year Low - Here's What Happened

Key Points

• Tritax Big Box REIT shares fell to a new 52-week low, trading as low as GBX 139.57 and closing around GBX 139.79, down from the previous close of GBX 141.60.
• Despite the share-price weakness, analyst sentiment remains positive: seven analysts rate the stock a Buy and one rates it a Hold, with a consensus target price of GBX 198.88.
• The company reported quarterly EPS of GBX 4.41 and maintains a strong net margin of 76.38%; analysts expect full-year EPS of approximately GBX 8.97.

Tritax Big Box REIT plc (LON:BBOX - Get Free Report)'s share price hit a new 52-week low on Thursday. The stock traded as low as GBX 139.57 and last traded at GBX 139.79, with a volume of 2757323 shares changing hands. The stock had previously closed at GBX 141.60.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Peel Hunt reissued an "add" rating and issued a GBX 180 target price on shares of Tritax Big Box REIT in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Tritax Big Box REIT from GBX 190 to GBX 195 and gave the company a "buy" rating in a report on Wednesday, August 26th. Berenberg Bank decreased their price objective on Tritax Big Box REIT from GBX 196 to GBX 188 and set a "buy" rating for the company in a report on Tuesday, September 8th. Jefferies Financial Group reissued a "buy" rating and set a GBX 208 target price on shares of Tritax Big Box REIT in a research note on Wednesday, September 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 198.88.

Tritax Big Box REIT Stock Down 1.2%

The company has a debt-to-equity ratio of 52.13, a quick ratio of 0.42 and a current ratio of 0.74. The stock has a market cap of £4.10 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 2.05 and a beta of 1.75. The business's 50 day moving average is GBX 154.29 and its 200 day moving average is GBX 154.

Tritax Big Box REIT (LON:BBOX - Get Free Report) last announced its quarterly earnings data 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%. Equities analysts expect that Tritax Big Box REIT plc will post 8.9700057 earnings per share 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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