Tritax Big Box REIT (LON:BBOX) Issues Earnings Results

Tritax Big Box REIT (LON:BBOX) released its quarterly earnings results on Wednesday. The company reported GBX 4.41 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Tritax Big Box REIT had a return on equity of 5.78% and a net margin of 111.98%.

Tritax Big Box REIT Price Performance

Shares of LON:BBOX traded down GBX 0.20 during trading on Wednesday, reaching GBX 171.70. 548,729,750 shares of the company traded hands, compared to its average volume of 40,481,293. The firm has a market capitalization of £4.66 billion, a PE ratio of 11.93, a PEG ratio of 2.05 and a beta of 1.76. The company has a quick ratio of 0.42, a current ratio of 2.38 and a debt-to-equity ratio of 52.74. Tritax Big Box REIT has a 52 week low of GBX 132.20 and a 52 week high of GBX 175. The company’s 50 day moving average is GBX 159.27 and its two-hundred day moving average is GBX 157.65.

Analysts Set New Price Targets

A number of brokerages have commented on BBOX. Shore Capital Group restated a “buy” rating on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. Stifel Nicolaus restated a “hold” rating and set a GBX 150 target price on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Peel Hunt reaffirmed an “add” rating and issued a GBX 180 price target on shares of Tritax Big Box REIT in a research note on Monday, July 27th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 200 price target on shares of Tritax Big Box REIT in a report on Monday, July 27th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 204.29.

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. Tritax Big Box targets attractive and sustainable returns for shareholders by investing in and actively managing existing built investments and land suitable for logistics development. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade clients on long-term leases with upward-only rent reviews and geographic and client diversification throughout the UK.