Tritax Big Box REIT (LON:BBOX) Stock Passes 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.

Tritax Big Box REIT plc (LON:BBOX - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 142.35 ($1.91) and traded as low as GBX 138.40 ($1.85). Tritax Big Box REIT shares last traded at GBX 138.80 ($1.86), with a volume of 2,606,654 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a "buy" rating on shares of Tritax Big Box REIT in a research note on Friday, August 22nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of GBX 189.

Tritax Big Box REIT Stock Down 4.2%

The company has a market capitalization of £3.30 billion, a PE ratio of 677.17, a PEG ratio of 2.05 and a beta of 0.89. The company's 50 day moving average is GBX 142.51 and its two-hundred day moving average is GBX 142.18. The company has a quick ratio of 0.42, a current ratio of 0.54 and a debt-to-equity ratio of 43.99.

Tritax Big Box REIT (LON:BBOX - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported GBX 4.63 earnings per share for the quarter. Tritax Big Box REIT had a net margin of 60.46% and a return on equity of 4.04%. On average, analysts anticipate that Tritax Big Box REIT plc will post 8.9700057 earnings per share for the current year.

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. 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.