Shore Capital Reaffirms Buy Rating for Tritax Big Box REIT (LON:BBOX)

Key Points

• Shore Capital has reaffirmed a "buy" rating for Tritax Big Box REIT (LON:BBOX), indicating confidence in the company's future performance.
• The stock price of Tritax Big Box REIT opened at GBX 142.30 and has seen fluctuations between a one-year low of GBX 121.90 and a high of GBX 166.80.
• Tritax Big Box REIT is the largest listed investor in high-quality logistics warehouse assets in the UK, focusing on delivering attractive and sustainable returns for shareholders.

Tritax Big Box REIT (LON:BBOX - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at Shore Capital in a research note issued to investors on Wednesday, Marketbeat.com reports.

Tritax Big Box REIT Trading Up 0.3%

LON:BBOX traded up GBX 0.40 ($0.01) on Wednesday, reaching GBX 141.80 ($1.91). The company's stock had a trading volume of 13,852,099 shares, compared to its average volume of 13,404,565. Tritax Big Box REIT has a 12-month low of GBX 121.90 ($1.64) and a 12-month high of GBX 166.80 ($2.24). The stock has a 50 day moving average price of GBX 145.08 and a 200 day moving average price of GBX 142.87. The firm has a market cap of £3.52 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth 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.

Tritax Big Box REIT (LON:BBOX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported GBX 4.63 ($0.06) earnings per share (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, equities analysts anticipate that Tritax Big Box REIT will post 8.9700057 EPS 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.