Tritax Big Box REIT (LON:BBOX) Receives Overweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of Tritax Big Box REIT (LON:BBOX) in a research report released on Wednesday, Marketbeat reports.

Several other research analysts have also recently issued reports on BBOX. Shore Capital reiterated a buy rating on shares of Tritax Big Box REIT in a report on Friday, May 17th. Barclays increased their price objective on shares of Tritax Big Box REIT from GBX 165 ($2.09) to GBX 190 ($2.40) and gave the company an overweight rating in a research note on Wednesday, April 3rd.

Tritax Big Box REIT Price Performance

BBOX opened at GBX 158.70 ($2.01) on Wednesday. The company has a market capitalization of £3.02 billion, a price-to-earnings ratio of 3,957.50, a PEG ratio of 2.05 and a beta of 0.88. The company has a current ratio of 0.40, a quick ratio of 0.42 and a debt-to-equity ratio of 48.45. Tritax Big Box REIT has a 12-month low of GBX 123.80 ($1.57) and a 12-month high of GBX 173 ($2.19). The business’s fifty day simple moving average is GBX 157.05 and its 200-day simple moving average is GBX 157.12.

Tritax Big Box REIT Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, June 7th. Shareholders of record on Thursday, May 23rd were given a dividend of GBX 1.83 ($0.02) per share. This represents a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, May 23rd. Tritax Big Box REIT’s payout ratio is 17,500.00%.

Insider Activity

In other news, insider Alastair Hughes acquired 30,300 shares of Tritax Big Box REIT stock in a transaction that occurred on Friday, May 17th. The stock was purchased at an average price of GBX 167 ($2.11) per share, for a total transaction of £50,601 ($64,003.29). Company insiders own 2.01% of the company’s stock.

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.