Tritax Big Box REIT (OTCMKTS:TTBXF) Sets New 52-Week High – Should You Buy?

Tritax Big Box REIT plc (OTCMKTS:TTBXF) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $2.43 and last traded at $2.17, with a volume of 2149 shares. The stock had previously closed at $2.42.

Analysts Set New Price Targets

A number of brokerages have commented on TTBXF. BNP Paribas Exane initiated coverage on shares of Tritax Big Box REIT in a report on Wednesday. They set an “outperform” rating for the company. Zacks Research raised shares of Tritax Big Box REIT to a “hold” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Tritax Big Box REIT Trading Down 10.3%

The firm’s fifty day simple moving average is $2.01 and its 200 day simple moving average is $2.03.

Tritax Big Box REIT Company Profile

Tritax Big Box REIT (OTCMKTS: TTBXF) is a real estate investment trust specializing in large-scale logistics and distribution properties across the United Kingdom. The company focuses on acquiring, managing and leasing modern “big box” warehouses that serve as critical nodes in e-commerce, retail and third-party logistics networks. Its assets are designed to offer high quality, sustainable space with efficient floor plans, abundant parking and strong transport links.

The REIT’s portfolio is externally managed by Tritax Management LLP, a specialist real estate investment manager with experience in the logistics sector.