BTB Real Estate Investment Trust (TSE:BTB.UN) Director Michel Léonard Purchases 12,820 Shares

BTB Real Estate Investment Trust (TSE:BTB.UN – Get Rating) Director Michel Léonard bought 12,820 shares of the business’s stock in a transaction dated Thursday, May 12th. The stock was acquired at an average price of C$3.88 per share, for a total transaction of C$49,741.60. Following the purchase, the director now directly owns 315,111 shares in the company, valued at C$1,222,630.68.

BTB Real Estate Investment Trust stock opened at C$3.96 on Friday. BTB Real Estate Investment Trust has a 12 month low of C$3.85 and a 12 month high of C$4.42. The company has a current ratio of 0.10, a quick ratio of 0.08 and a debt-to-equity ratio of 170.54. The business’s 50 day simple moving average is C$4.22 and its 200 day simple moving average is C$4.11. The company has a market cap of C$333.99 million and a price-to-earnings ratio of 6.66.

Separately, National Bankshares dropped their price objective on BTB Real Estate Investment Trust from C$4.75 to C$4.60 and set a “sector perform” rating on the stock in a research note on Friday.

About BTB Real Estate Investment Trust (Get Rating)

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in eastern Canada. Today, BTB owns 65 retail, office and industrial properties for a total leasable area to date of 5.2 million square feet. The objectives of BTB are: (i) to grow its revenues from its assets to increase distributable income and therefore fund distributions; (ii) to maximize the value of its assets through dynamic management of its properties in order to sustain the long-term value of its units; and (iii) to generate cash distributions that are fiscally beneficial to unitholders.

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