Tritax Big Box REIT (OTCMKTS:TTBXF) Shares Gap Up – Still a Buy?

Tritax Big Box REIT plc (OTCMKTS:TTBXF)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $1.7615, but opened at $1.9812. Tritax Big Box REIT shares last traded at $1.9812, with a volume of 1,096 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Tritax Big Box REIT to a “hold” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Tritax Big Box REIT Stock Performance

The firm’s 50 day moving average is $2.02 and its 200 day moving average is $1.99.

About Tritax Big Box REIT

Tritax Big Box REIT (OTCMKTS: TTBXF) is a real estate investment trust specializing in large-scale logistics and distribution properties across the United Kingdom. The company focuses on acquiring, managing and leasing modern “big box” warehouses that serve as critical nodes in e-commerce, retail and third-party logistics networks. Its assets are designed to offer high quality, sustainable space with efficient floor plans, abundant parking and strong transport links.

The REIT’s portfolio is externally managed by Tritax Management LLP, a specialist real estate investment manager with experience in the logistics sector.