Tritax Big Box REIT - BBOX Share Forecast, Price & News

Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets (Big Boxes) in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and developments predominantly delivered through pre-let forward funded basis, the Company focuses on large, well-located, modern Big Box logistics assets, let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity in this sub-sector of the UK logistics market owing to strong tenant demand and limited supply of Big Boxes. The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies (REIT), is listed on the premium segment of the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 250, FTSE EPRA/NAREIT and MSCI indices.

Tritax Big Box REIT Stock Performance

LON:BBOX opened at GBX 186.40 ($2.25) on Friday. The company has a quick ratio of 0.42, a current ratio of 0.48 and a debt-to-equity ratio of 32.49. The firm has a market cap of £3.48 billion and a price-to-earnings ratio of 323.97. Tritax Big Box REIT has a twelve month low of GBX 175.80 ($2.12) and a twelve month high of GBX 288 ($3.48). The business has a 50-day moving average price of GBX 188.79 and a 200-day moving average price of GBX 214.23.

Tritax Big Box REIT Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 4th will be issued a dividend of GBX 1.68 ($0.02) per share. The ex-dividend date of this dividend is Thursday, August 4th. This represents a dividend yield of 0.87%. Tritax Big Box REIT's dividend payout ratio (DPR) is 11.23%.

Analyst Ratings Changes

Several research firms have issued reports on BBOX. Shore Capital reissued a "sell" rating on shares of Tritax Big Box REIT in a report on Wednesday, August 3rd. Barclays cut their price target on Tritax Big Box REIT from GBX 220 ($2.66) to GBX 200 ($2.42) and set an "equal weight" rating for the company in a report on Monday. Berenberg Bank cut their price target on Tritax Big Box REIT from GBX 260 ($3.14) to GBX 220 ($2.66) and set an "equal weight" rating for the company in a report on Monday, July 4th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a GBX 265 ($3.20) price objective on shares of Tritax Big Box REIT in a research note on Friday, May 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of GBX 246.40 ($2.98).

Insider Activity

In other Tritax Big Box REIT news, insider Wu Gang purchased 2,600 shares of Tritax Big Box REIT stock in a transaction that occurred on Tuesday, June 21st. The shares were bought at an average price of GBX 191 ($2.31) per share, for a total transaction of £4,966 ($6,000.48).