Tritax Big Box REIT (LON:BBOX) Reaches New 12-Month Low – Here’s What Happened

Tritax Big Box REIT plc (LON:BBOX) shares reached a new 52-week low on Monday . The company traded as low as GBX 131.30 ($1.65) and last traded at GBX 132.30 ($1.66), with a volume of 3269950 shares changing hands. The stock had previously closed at GBX 133.30 ($1.68).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 182 ($2.29) price objective on shares of Tritax Big Box REIT in a research report on Wednesday, August 28th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 191.75 ($2.41).

Tritax Big Box REIT Stock Down 0.1 %

The firm has a 50-day moving average price of GBX 142.14 and a 200 day moving average price of GBX 153.75. The company has a market cap of £3.27 billion, a price-to-earnings ratio of 1,894.29, 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 current ratio of 0.54 and a quick ratio of 0.42.

Tritax Big Box REIT Dividend Announcement

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