Tritax Big Box REIT (LON:BBOX) Stock Price Crosses Below 200-Day Moving Average - Here's What Happened

Tritax Big Box REIT plc (LON:BBOX - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 158.11 ($2.05) and traded as low as GBX 148.50 ($1.93). Tritax Big Box REIT shares last traded at GBX 148.50 ($1.93), with a volume of 3,073,617 shares.

Analysts Set New Price Targets

BBOX has been the topic of several analyst reports. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Tritax Big Box REIT in a report on Friday, July 12th. Berenberg Bank reissued a "buy" rating and issued 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 restated a "buy" rating and set a GBX 210 ($2.73) target price on shares of Tritax Big Box REIT in a research report on Friday, July 12th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of GBX 191.75 ($2.49).

Tritax Big Box REIT Price Performance

The company's 50 day simple moving average is GBX 159.19 and its 200 day simple moving average is GBX 158.14. The company has a current ratio of 0.54, a quick ratio of 0.42 and a debt-to-equity ratio of 43.99. The stock has a market capitalization of £3.68 billion, a PE ratio of 2,121.43, a PEG ratio of 2.05 and a beta of 0.89.

Tritax Big Box REIT Dividend Announcement

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

About Tritax Big Box REIT

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.