Tritax Big Box REIT (LON:BBOX) Issues Quarterly Earnings Results

Tritax Big Box REIT (LON:BBOX) released its earnings results on Friday. The company reported GBX 8.05 ($0.10) earnings per share for the quarter, Digital Look Earnings reports. Tritax Big Box REIT had a net margin of 60.46% and a return on equity of 4.04%.

Tritax Big Box REIT Stock Up 2.5 %

Tritax Big Box REIT stock traded up GBX 3.60 ($0.05) during trading hours on Friday, hitting GBX 147.30 ($1.86). The stock had a trading volume of 23,532,465 shares, compared to its average volume of 13,592,144. The stock’s 50-day moving average price is GBX 139.68 and its 200-day moving average price is GBX 146.66. The stock has a market capitalization of £3.65 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 2.05 and a beta of 0.89. Tritax Big Box REIT has a 12-month low of GBX 125.20 ($1.58) and a 12-month high of GBX 168.90 ($2.13). The company has a quick ratio of 0.42, a current ratio of 0.54 and a debt-to-equity ratio of 43.99.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “buy” rating on shares of Tritax Big Box REIT in a report on Tuesday, January 21st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 191.75 ($2.42).

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.