Tritax Big Box REIT (OTCMKTS:TTBXF) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Tritax Big Box REIT (OTCMKTS:TTBXF) to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Tritax Big Box REIT Stock Down 13.7%

Shares of TTBXF traded down $0.28 during trading hours on Thursday, reaching $1.76. 1,000 shares of the company traded hands, compared to its average volume of 2,478. Tritax Big Box REIT has a 12-month low of $1.70 and a 12-month high of $2.37. The stock’s fifty day moving average price is $2.11 and its 200 day moving average price is $1.99.

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.