Tritax Big Box REIT (OTCMKTS:TTBXF) Shares Gap Down – Time to Sell?

Tritax Big Box REIT plc (OTCMKTS:TTBXF)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $2.43, but opened at $2.0450. Tritax Big Box REIT shares last traded at $2.0450, with a volume of 5,379 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently commented on TTBXF shares. Zacks Research downgraded Tritax Big Box REIT from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Tritax Big Box REIT in a report on Wednesday, August 26th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research note on Tuesday, August 25th. BNP Paribas Exane assumed coverage on shares of Tritax Big Box REIT in a report on Wednesday, July 1st. They issued an “outperform” rating for the company. Finally, Barclays restated an “overweight” rating on shares of Tritax Big Box REIT in a report on Monday, August 24th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tritax Big Box REIT presently has a consensus rating of “Moderate Buy”.

Tritax Big Box REIT Trading Down 15.8%

The company has a fifty day moving average of $2.14 and a 200-day moving average of $2.07.

About Tritax Big Box REIT

Tritax Big Box REIT plc is a United Kingdom-focused real estate investment trust that owns and manages large-scale logistics and distribution properties, commonly known as “big box” warehouses. Its portfolio is designed to support supply chains, e-commerce, retail distribution and other forms of logistics activity.

The company primarily generates rental income from modern logistics facilities leased to businesses across the United Kingdom. Its activities include acquiring, developing and actively managing strategically located warehouses, with a focus on properties that offer access to major transportation networks and population centers.