Tritax Big Box REIT (LON:BBOX) Reaches New 12-Month Low - Should You Sell?

Tritax Big Box REIT plc (LON:BBOX - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 134 ($1.74) and last traded at GBX 134 ($1.74), with a volume of 23041807 shares changing hands. The stock had previously closed at GBX 138.50 ($1.80).

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reissued 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 ($2.37) target price on shares of Tritax Big Box REIT in a research note on Wednesday, August 28th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 210 ($2.73) price objective on shares of Tritax Big Box REIT in a report on Friday, July 12th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 191.75 ($2.50).

Tritax Big Box REIT Stock Performance

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 company's 50-day moving average price is GBX 156 and its 200 day moving average price is GBX 157.79. The stock has a market capitalization of £3.41 billion, a PE ratio of 1,959.14, a PEG ratio of 2.05 and a beta of 0.89.

Tritax Big Box REIT Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st will be given a GBX 1.83 ($0.02) dividend. 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 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.