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

Tritax Big Box REIT (LON:BBOX) posted its quarterly earnings results on Wednesday. The company reported GBX 4.41 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Tritax Big Box REIT had a return on equity of 5.78% and a net margin of 111.98%.

Tritax Big Box REIT Trading Down 3.4%

Shares of Tritax Big Box REIT stock opened at GBX 165.87 on Thursday. Tritax Big Box REIT has a fifty-two week low of GBX 132.20 and a fifty-two week high of GBX 175. The company has a debt-to-equity ratio of 52.74, a quick ratio of 0.42 and a current ratio of 2.38. The company has a market cap of £4.50 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 2.05 and a beta of 1.76. The firm has a 50-day simple moving average of GBX 159.68 and a two-hundred day simple moving average of GBX 157.71.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BBOX shares. Stifel Nicolaus restated a “hold” rating and set a GBX 150 target price on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Peel Hunt reissued an “add” rating and issued a GBX 180 price objective on shares of Tritax Big Box REIT in a report on Monday, July 27th. Shore Capital Group restated a “buy” rating on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 200 target price on shares of Tritax Big Box REIT in a report on Monday, July 27th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 196 target price on shares of Tritax Big Box REIT in a research report on Thursday. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 199.43.

Tritax Big Box REIT Company Profile

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. Tritax Big Box targets attractive and sustainable returns for shareholders by investing in and actively managing existing built investments and land suitable for logistics development. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade clients on long-term leases with upward-only rent reviews and geographic and client diversification throughout the UK.