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

Tritax Big Box REIT (LON:BBOX) posted its earnings results on Friday. The company reported GBX 8.05 ($0.10) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Tritax Big Box REIT had a net margin of 60.46% and a return on equity of 4.04%.

Tritax Big Box REIT Stock Performance

Shares of Tritax Big Box REIT stock traded up GBX 3.60 ($0.05) during trading hours on Friday, reaching GBX 147.30 ($1.86). 23,532,465 shares of the stock traded hands, compared to its average volume of 13,592,144. Tritax Big Box REIT has a one year low of GBX 125.20 ($1.58) and a one year high of GBX 168.90 ($2.13). The firm has a market capitalization of £3.65 billion, a price-to-earnings ratio of 19.26, a P/E/G ratio of 2.05 and a beta of 0.89. 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 company has a 50 day moving average price of GBX 139.68 and a 200 day moving average price of GBX 146.66.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of Tritax Big Box REIT in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 191.75 ($2.42).

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.