Tritax Big Box REIT (LON:BBOX) Releases Earnings Results, Misses Expectations By $0.09 EPS

Tritax Big Box REIT (LON:BBOX) announced its quarterly earnings results on Thursday. The company reported GBX 3.41 ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 3.50 ($0.05) by GBX (0.09) ($0.00), Digital Look Earnings reports.

Shares of BBOX stock traded down GBX 3.23 ($0.04) during trading on Friday, hitting GBX 144.50 ($1.89). The company had a trading volume of 3,707,071 shares, compared to its average volume of 3,120,000. The business’s 50-day simple moving average is GBX 155.45. Tritax Big Box REIT has a 52 week low of GBX 1.48 ($0.02) and a 52 week high of GBX 156.60 ($2.05).

The business also recently disclosed a dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 25th will be given a GBX 1.71 ($0.02) dividend. This represents a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, July 25th.

Several research firms recently weighed in on BBOX. Liberum Capital restated a “hold” rating on shares of Tritax Big Box REIT in a research report on Thursday. Barclays upped their price objective on shares of Tritax Big Box REIT from GBX 150 ($1.96) to GBX 155 ($2.03) and gave the stock an “equal weight” rating in a research report on Tuesday, June 4th. Numis Securities restated a “hold” rating and issued a GBX 143 ($1.87) price objective (down from GBX 153 ($2.00)) on shares of Tritax Big Box REIT in a research report on Thursday, May 16th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a GBX 195 ($2.55) price objective on shares of Tritax Big Box REIT in a research report on Monday, June 24th.

Tritax Big Box REIT Company Profile

Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets ("Big Boxes") in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and pre-let forward funded developments, the Company focuses on well-located, modern "Big Box" logistics assets, typically greater than 500,000 sq.

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