Tritax Big Box REIT (LON:BBOX) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Tritax Big Box REIT plc (LON:BBOX) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 153.01 and traded as low as GBX 139.80. Tritax Big Box REIT shares last traded at GBX 141, with a volume of 12,227,027 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on BBOX shares. Deutsche Bank Aktiengesellschaft boosted their price target on Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company a “buy” rating in a research note on Friday, March 20th. Berenberg Bank reissued a “buy” rating and set a GBX 230 price objective on shares of Tritax Big Box REIT in a report on Monday, January 26th. Finally, Shore Capital Group restated a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, January 22nd. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 212.80.

Tritax Big Box REIT Stock Performance

The company’s 50 day moving average price is GBX 161.81 and its 200 day moving average price is GBX 153.01. The company has a market cap of £3.81 billion, a price-to-earnings ratio of 8.17, a P/E/G ratio of 2.05 and a beta of 1.65.

Tritax Big Box REIT (LON:BBOX) last announced its quarterly earnings results on Friday, February 27th. The company reported GBX 8.38 earnings per share (EPS) for the quarter. Tritax Big Box REIT had a net margin of 111.98% and a return on equity of 5.78%. As a group, analysts predict that Tritax Big Box REIT plc will post 8.9700057 EPS for the current year.

Insider Buying and Selling at Tritax Big Box REIT

In other news, insider Alastair Hughes sold 76,783 shares of Tritax Big Box REIT stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of GBX 153, for a total value of £117,477.99. Insiders own 0.07% of the company’s stock.

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. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade tenants on long-term leases with upward-only rent reviews and geographic and tenant diversification throughout the UK.