Tritax Big Box REIT (LON:BBOX) Hits New 52-Week Low - Should You Sell?

Shares of Tritax Big Box REIT plc (LON:BBOX - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as GBX 139.40 ($1.81) and last traded at GBX 140.20 ($1.82), with a volume of 8503225 shares traded. The stock had previously closed at GBX 141.10 ($1.83).

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BBOX. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Tritax Big Box REIT in a research note on Friday, July 12th. Berenberg Bank reiterated a "buy" rating and set a GBX 182 ($2.36) target price on shares of Tritax Big Box REIT in a report on Wednesday, August 28th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a GBX 210 ($2.72) price objective on shares of Tritax Big Box REIT in a research report on Friday, July 12th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of GBX 191.75 ($2.49).

Tritax Big Box REIT Stock Down 0.9 %

The stock has a market capitalization of £3.47 billion, a P/E ratio of 2,002.86, a price-to-earnings-growth ratio of 2.05 and a beta of 0.89. The stock's fifty day simple moving average is GBX 157.98 and its two-hundred day simple moving average is GBX 158.01. The company has a debt-to-equity ratio of 43.99, a quick ratio of 0.42 and a current ratio of 0.54.

Tritax Big Box REIT Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, October 31st will be paid a dividend of GBX 1.83 ($0.02) per share. This represents a yield of 1.2%. The ex-dividend date is Thursday, October 31st. Tritax Big Box REIT's dividend payout ratio (DPR) is currently 11,428.57%.

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. 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.