Tritax Big Box REIT (OTCMKTS:TTBXF) Shares Gap Up on Analyst Upgrade

Shares of Tritax Big Box REIT plc (OTCMKTS:TTBXF) gapped up prior to trading on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $1.98, but opened at $2.43. Tritax Big Box REIT shares last traded at $2.43, with a volume of 1,050 shares.

Separately, BNP Paribas Exane initiated coverage on shares of Tritax Big Box REIT in a report on Wednesday. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Strong Buy”.

Tritax Big Box REIT Price Performance

The company has a 50 day moving average price of $2.01 and a 200 day moving average price of $2.03.

About Tritax Big Box REIT

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.