Tritax Big Box REIT (LON:BBOX) Sets New 12-Month Low – Should You Sell?

Posted by Patrick Bannon on Nov 7th, 2024

Tritax Big Box REIT plc (LON:BBOX – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 134 ($1.74) and last traded at GBX 134 ($1.74), with a volume of 23041807 shares trading hands. The stock had previously closed at GBX 138.50 ($1.80).

Analysts Set New Price Targets

A number of analysts have recently issued reports on BBOX shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 210 ($2.73) price objective on shares of Tritax Big Box REIT in a report on Friday, July 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Tritax Big Box REIT in a research report on Friday, July 12th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 182 ($2.37) price target on shares of Tritax Big Box REIT in a research report on Wednesday, August 28th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Tritax Big Box REIT presently has a consensus rating of “Buy” and a consensus price target of GBX 191.75 ($2.50).

Read Our Latest Analysis on Tritax Big Box REIT

Tritax Big Box REIT Stock Up 2.3 %

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 50 day moving average of GBX 156 and a two-hundred day moving average of GBX 157.79. The firm has a market capitalization of £3.40 billion, a price-to-earnings ratio of 1,914.29, a price-to-earnings-growth ratio of 2.05 and a beta of 0.89.

Tritax Big Box REIT Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, October 31st will be given a GBX 1.83 ($0.02) dividend. The ex-dividend date is Thursday, October 31st. This represents a yield of 1.2%. Tritax Big Box REIT’s dividend payout ratio is presently 11,428.57%.

Tritax Big Box REIT Company Profile

(Get Free Report)

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.