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

Tritax Big Box REIT plc (LON:BBOX - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 133.90 ($1.69) and last traded at GBX 133.90 ($1.69), with a volume of 1092661 shares changing hands. The stock had previously closed at GBX 136.36 ($1.72).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 182 ($2.29) target price on shares of Tritax Big Box REIT in a research report on Wednesday, August 28th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of GBX 191.75 ($2.42).

Tritax Big Box REIT Stock Down 1.7 %

The stock has a market cap of £3.32 billion, a price-to-earnings ratio of 1,914.29, a price-to-earnings-growth ratio of 2.05 and a beta of 0.89. The company has a debt-to-equity ratio of 43.99, a quick ratio of 0.42 and a current ratio of 0.54. The business's 50 day moving average is GBX 152.61 and its 200 day moving average is GBX 157.22.

Tritax Big Box REIT Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, October 31st will be issued a GBX 1.83 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 1.2%. 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.