Tritax Big Box REIT (LON:BBOX) Shares Down 0.2% – Time to Sell?

Shares of Tritax Big Box REIT plc (LON:BBOX) traded down 0.2% on Thursday . The company traded as low as GBX 133 ($1.68) and last traded at GBX 134.10 ($1.69). 2,675,134 shares changed hands during trading, a decline of 69% from the average session volume of 8,507,012 shares. The stock had previously closed at GBX 134.40 ($1.70).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 182 ($2.30) target price on shares of Tritax Big Box REIT in a research note on Wednesday, August 28th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 191.75 ($2.42).

Tritax Big Box REIT Trading Down 0.6 %

The company has a 50 day moving average of GBX 143.03 and a two-hundred day moving average of GBX 154.10. The stock has a market capitalization of £3.31 billion, a PE ratio of 1,904.29, a P/E/G ratio of 2.05 and a beta of 0.89. The company has a debt-to-equity ratio of 43.99, a quick ratio of 0.42 and a current ratio of 0.54.

Tritax Big Box REIT Dividend Announcement

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

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. 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.