Tritax Big Box REIT (LON:BBOX) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Tritax Big Box REIT shares have crossed below their 200-day moving average, trading as low as GBX 138.40 ($1.87) while the moving average stands at GBX 142.35 ($1.92).
• Despite the drop, analysts from Shore Capital have maintained a "buy" rating, with the stock currently holding a consensus rating of "Buy" and an average target price of GBX 189.
• The company reported earnings of GBX 4.63 per share, with a net margin of 60.46% and a return on equity of 4.04% anticipated for the current fiscal year.

Shares of Tritax Big Box REIT plc (LON:BBOX - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 142.35 ($1.91) and traded as low as GBX 138.40 ($1.86). Tritax Big Box REIT shares last traded at GBX 138.80 ($1.86), with a volume of 2,606,654 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a "buy" rating on shares of Tritax Big Box REIT in a research report on Friday, August 22nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of GBX 189.

Tritax Big Box REIT Stock Performance

The company has a quick ratio of 0.42, a current ratio of 0.54 and a debt-to-equity ratio of 43.99. The stock has a market cap of £3.35 billion, a P/E ratio of 783.19, a PEG ratio of 2.05 and a beta of 0.89. The stock has a fifty day simple moving average of GBX 141.64 and a 200-day simple moving average of GBX 141.98.

Tritax Big Box REIT (LON:BBOX - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported GBX 4.63 EPS for the quarter. Tritax Big Box REIT had a net margin of 60.46% and a return on equity of 4.04%. Equities analysts expect that Tritax Big Box REIT plc will post 8.9700057 earnings per share for the current fiscal 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. BBOX is committed to delivering attractive and sustainable returns for Shareholders by investing in and actively managing existing built investments and land suitable for logistics development.