Tritax Big Box REIT (LON:BBOX) Hits New 52-Week Low – Time to Sell?

Shares of Tritax Big Box REIT plc (LON:BBOXGet Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as GBX 133.90 ($1.70) and last traded at GBX 133.90 ($1.70), with a volume of 1092661 shares. The stock had previously closed at GBX 136.36 ($1.73).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 182 ($2.31) price objective on shares of Tritax Big Box REIT in a report on Wednesday, August 28th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 191.75 ($2.43).

Check Out Our Latest Research Report on BBOX

Tritax Big Box REIT Stock Down 0.8 %

The firm has a market cap of £3.31 billion, a P/E ratio of 1,921.43, a P/E/G ratio of 2.05 and a beta of 0.89. The company has a current ratio of 0.54, a quick ratio of 0.42 and a debt-to-equity ratio of 43.99. The business has a 50-day moving average price of GBX 151.45 and a 200-day moving average price of GBX 156.87.

Tritax Big Box REIT Announces Dividend

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

About Tritax Big Box REIT

(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.

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