Tritax Big Box REIT (OTCMKTS:TTBXF) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Tritax Big Box REIT (OTCMKTS:TTBXF) from a hold rating to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

Separately, BNP Paribas Exane began coverage on shares of Tritax Big Box REIT in a report on Wednesday. They set an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, Tritax Big Box REIT currently has a consensus rating of “Strong Buy”.

Tritax Big Box REIT Stock Performance

Shares of OTCMKTS:TTBXF opened at $2.17 on Wednesday. The company has a fifty day simple moving average of $2.01 and a 200 day simple moving average of $2.03. Tritax Big Box REIT has a 12-month low of $1.70 and a 12-month high of $2.43.

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.