Tritax Big Box REIT plc Plans Dividend of GBX 1.83 (LON:BBOX)

Tritax Big Box REIT plc (LON:BBOX) declared a dividend on Thursday, May 2nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 23rd will be paid a dividend of GBX 1.83 ($0.02) per share on Friday, June 7th. This represents a yield of 1.16%. The ex-dividend date of this dividend is Thursday, May 23rd. The official announcement can be seen at this link.

Tritax Big Box REIT Price Performance

LON BBOX traded up GBX 4.40 ($0.06) during trading on Thursday, reaching GBX 157.60 ($1.98). The company’s stock had a trading volume of 4,833,681 shares, compared to its average volume of 6,160,779. The stock has a market capitalization of £2.99 billion, a PE ratio of 3,834.78, a P/E/G ratio of 2.05 and a beta of 0.88. The company has a debt-to-equity ratio of 48.45, a current ratio of 0.40 and a quick ratio of 0.42. The firm has a fifty day moving average of GBX 150.94 and a 200 day moving average of GBX 154.23. Tritax Big Box REIT has a one year low of GBX 121.80 ($1.53) and a one year high of GBX 173 ($2.17).

Analysts Set New Price Targets

A number of brokerages have weighed in on BBOX. Berenberg Bank restated a “buy” rating and issued a GBX 155 ($1.95) target price on shares of Tritax Big Box REIT in a research note on Thursday, February 8th. Shore Capital restated a “buy” rating on shares of Tritax Big Box REIT in a research note on Friday, March 1st. Finally, Barclays increased their price objective on Tritax Big Box REIT from GBX 165 ($2.07) to GBX 190 ($2.39) and gave the company an “overweight” rating in a research report on Wednesday, April 3rd.

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.