Tritax Big Box REIT (LON:BBOX) Shares Down 0.2% – Should You Sell?

Tritax Big Box REIT plc (LON:BBOX) fell 0.2% during mid-day trading on Thursday . The company traded as low as GBX 133 ($1.68) and last traded at GBX 134.10 ($1.69). 2,675,134 shares traded hands during mid-day 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).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 182 ($2.30) price objective on shares of Tritax Big Box REIT in a report on Wednesday, August 28th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 191.75 ($2.42).

Tritax Big Box REIT Stock Performance

The company has a quick ratio of 0.42, a current ratio of 0.54 and a debt-to-equity ratio of 43.99. The business has a 50 day moving average price of GBX 143.03 and a 200 day moving average price of GBX 154.10. The stock has a market cap of £3.31 billion, a P/E ratio of 1,904.29, a PEG ratio of 2.05 and a beta of 0.89.

Tritax Big Box REIT Announces Dividend

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