Tritax Big Box REIT (LON:BBOX) Shares Pass Below 200-Day Moving Average - Time to Sell?

Key Points

• Tritax Big Box REIT's stock price dipped below its 200-day moving average, trading at GBX 138.80 ($1.87) against a moving average of GBX 142.35 ($1.92).
• The company has a market capitalization of £3.44 billion and reported earnings of GBX 4.63 EPS for the last quarter, indicating a net margin of 60.46% and a return on equity of 4.04%.
• Analysts maintain a consensus "Buy" rating for the stock, with an average target price of GBX 189, according to recent reports from Shore Capital.

Tritax Big Box REIT plc (LON:BBOX - Get Free Report)'s share price passed 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 ($1.85). Tritax Big Box REIT shares last traded at GBX 138.80 ($1.86), with a volume of 2,606,654 shares changing hands.

Analyst Upgrades and Downgrades

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

Tritax Big Box REIT Trading Down 4.2%

The firm 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 has a quick ratio of 0.42, a current ratio of 0.54 and a debt-to-equity ratio of 43.99. The stock's fifty day simple moving average is GBX 142.51 and its 200 day simple moving average is GBX 142.18.

Tritax Big Box REIT (LON:BBOX - Get Free Report) last announced its earnings results 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%. On average, sell-side analysts predict 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.