Tritax Big Box REIT (LON:BBOX) Shares Cross Below Two Hundred Day Moving Average - Here's What Happened

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 stock price passed 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 ($1.86). Tritax Big Box REIT shares last traded at GBX 138.80 ($1.86), with a volume of 2,606,654 shares changing hands.

Wall Street Analysts Forecast Growth

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

Tritax Big Box REIT Price Performance

The stock has a fifty day moving average of GBX 141.64 and a 200-day moving average of GBX 141.98. 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 firm has a market capitalization of £3.35 billion, a P/E ratio of 783.19, a PEG ratio of 2.05 and a beta of 0.89.

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