Tritax Big Box REIT (LON:BBOX) Stock Price Down 0.2% – Here’s Why

Tritax Big Box REIT plc (LON:BBOX)’s stock price traded down 0.2% on Thursday . The company traded as low as GBX 133 ($1.69) and last traded at GBX 134.10 ($1.70). 2,675,134 shares were traded 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).

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 182 ($2.31) price objective on shares of Tritax Big Box REIT in a report on Wednesday, August 28th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Tritax Big Box REIT has an average rating of “Buy” and a consensus price target of GBX 191.75 ($2.43).

Tritax Big Box REIT Trading Down 0.2 %

The company’s fifty day moving average price is GBX 143.49 and its 200-day moving average price is GBX 154.24. The stock has a market cap of £3.33 billion, a price-to-earnings ratio of 1,915.71, 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. Investors of record on Thursday, October 31st were paid a GBX 1.83 ($0.02) dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend 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.