Tritax Big Box REIT (LON:BBOX – Get Free Report) announced its earnings results on Wednesday. The company reported GBX 4.41 earnings per share for the quarter, Digital Look Earnings reports. Tritax Big Box REIT had a net margin of 111.98% and a return on equity of 5.78%.
Tritax Big Box REIT Price Performance
Shares of BBOX stock traded down GBX 0.20 on Wednesday, hitting GBX 171.70. 548,729,750 shares of the stock traded hands, compared to its average volume of 40,481,293. The firm has a market cap of £4.66 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 2.05 and a beta of 1.76. Tritax Big Box REIT has a 52 week low of GBX 132.20 and a 52 week high of GBX 175. The firm has a 50 day simple moving average of GBX 159.27 and a two-hundred day simple moving average of GBX 157.65. The company has a debt-to-equity ratio of 52.74, a current ratio of 2.38 and a quick ratio of 0.42.
Wall Street Analyst Weigh In
A number of brokerages have commented on BBOX. Peel Hunt reaffirmed an “add” rating and set a GBX 180 target price on shares of Tritax Big Box REIT in a report on Monday, July 27th. Stifel Nicolaus reissued a “hold” rating and set a GBX 150 price objective on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 200 target price on shares of Tritax Big Box REIT in a report on Monday, July 27th. Finally, Shore Capital Group reissued a “buy” rating on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Tritax Big Box REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 204.29.
About Tritax Big Box REIT
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. Tritax Big Box targets 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 clients on long-term leases with upward-only rent reviews and geographic and client diversification throughout the UK.
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