Tritax Big Box REIT (LON:BBOX) Sets New 12-Month High - Time to Buy?

Key Points

• Tritax Big Box REIT shares reached a new 52-week high, trading as high as GBX 175 and closing near GBX 173.49, up from the previous close of GBX 172.60.
• Analyst sentiment is broadly positive: seven analysts rate the stock a Buy and one a Hold, resulting in a consensus “Moderate Buy” rating and an average price target of GBX 204.29.
• The company has a £4.71 billion market capitalization and focuses on UK logistics warehouses and development land, supported by long-term leases with institutional-grade tenants.

Shares of Tritax Big Box REIT plc (LON:BBOX - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 175 and last traded at GBX 173.49, with a volume of 3638348 shares. The stock had previously closed at GBX 172.60.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Peel Hunt reiterated an "add" rating and issued a GBX 180 price target on shares of Tritax Big Box REIT in a research note on Monday. Shore Capital Group restated a "buy" rating on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 200 target price on shares of Tritax Big Box REIT in a report on Monday. Stifel Nicolaus reiterated a "hold" rating and issued a GBX 150 target price on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group cut their price target on Tritax Big Box REIT from GBX 190 to GBX 180 and set a "buy" rating on the stock in a research note on Monday, March 30th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Tritax Big Box REIT currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 204.29.

Tritax Big Box REIT Trading Up 0.6%

The company has a debt-to-equity ratio of 52.74, a current ratio of 2.38 and a quick ratio of 0.42. The company has a market cap of £4.71 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 2.05 and a beta of 1.76. The business's fifty day moving average price is GBX 156.70 and its 200 day moving average price is GBX 157.12.

About Tritax Big Box REIT

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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