Barclays Reiterates Underweight Rating for Tritax Big Box REIT (LON:BBOX)

Barclays reiterated their underweight rating on shares of Tritax Big Box REIT (LON:BBOX) in a research report sent to investors on Thursday morning, Digital Look reports. Barclays currently has a GBX 130 ($1.70) price objective on the stock, down from their prior price objective of GBX 155 ($2.03).

Several other equities research analysts also recently commented on the company. Numis Securities reiterated a hold rating and set a GBX 143 ($1.87) target price (down from GBX 153 ($2.00)) on shares of Tritax Big Box REIT in a report on Thursday, May 16th. Liberum Capital restated a hold rating on shares of Tritax Big Box REIT in a report on Thursday, August 8th. Finally, Royal Bank of Canada restated an outperform rating and set a GBX 195 ($2.55) price objective on shares of Tritax Big Box REIT in a report on Thursday, August 15th.

Tritax Big Box REIT has a twelve month low of GBX 1.48 ($0.02) and a twelve month high of GBX 156.60 ($2.05). The firm has a 50 day moving average of GBX 153.39.

Tritax Big Box REIT (LON:BBOX) last announced its earnings results on Thursday, August 8th. The company reported GBX 3.41 ($0.04) EPS for the quarter, missing the consensus estimate of GBX 3.50 ($0.05) by GBX (0.09) ($0.00).

The firm also recently disclosed a dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th were issued a dividend of GBX 1.71 ($0.02) per share. The ex-dividend date was Thursday, July 25th. This represents a yield of 1.08%.

In other Tritax Big Box REIT news, insider Aubrey Adams acquired 36,957 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were bought at an average cost of GBX 143 ($1.87) per share, for a total transaction of £52,848.51 ($69,055.94).

About Tritax Big Box REIT

Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets ("Big Boxes") in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and pre-let forward funded developments, the Company focuses on well-located, modern "Big Box" logistics assets, typically greater than 500,000 sq.

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