Tritax Big Box REIT (OTCMKTS:TTBXF) Shares Gap Up - Here's What Happened

Key Points

• Tritax Big Box REIT shares jumped 21.3%, opening at $1.95 versus a prior close of $1.6075, though trading volume was limited to 2,565 shares.
• Analyst sentiment remains favorable: five analysts rate the stock a Buy and one rates it Hold, resulting in a consensus “Moderate Buy” rating.
• The UK-focused REIT owns and manages large-scale logistics and distribution warehouses leased to retailers, manufacturers, logistics providers, and other supply-chain businesses.

Tritax Big Box REIT plc (OTCMKTS:TTBXF - Get Free Report)'s stock price gapped up prior to trading on Monday. The stock had previously closed at $1.6075, but opened at $1.95. Tritax Big Box REIT shares last traded at $1.95, with a volume of 2,565 shares traded.

Analysts Set New Price Targets

Several research firms recently commented on TTBXF. Barclays reissued an "overweight" rating on shares of Tritax Big Box REIT in a research note on Monday, August 24th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Tritax Big Box REIT in a research note on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Tritax Big Box REIT in a report on Wednesday, August 26th. BNP Paribas Exane assumed coverage on shares of Tritax Big Box REIT in a research report on Wednesday, July 1st. They issued an "outperform" rating for the company. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Tritax Big Box REIT in a research report on Tuesday, August 25th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Tritax Big Box REIT has a consensus rating of "Moderate Buy".

Tritax Big Box REIT Trading Up 21.3%

The company has a fifty day moving average price of $1.99 and a two-hundred day moving average price of $2.05.

Tritax Big Box REIT Company Profile

Tritax Big Box REIT plc is a United Kingdom-focused real estate investment trust that owns, manages and develops large-scale logistics and distribution properties. Its portfolio is centered on “big box” warehouses used for national and regional distribution, fulfillment, manufacturing, and other supply-chain activities.

The company leases its properties to a range of occupiers, including retailers, manufacturers, logistics providers and other businesses that require substantial warehouse space.

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