BTB Real Estate Investment Trust (TSE:BTB.UN) Stock Crosses Above 50-Day Moving Average of $3.39

BTB Real Estate Investment Trust (TSE:BTB.UNGet Rating) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$3.39 and traded as high as C$3.81. BTB Real Estate Investment Trust shares last traded at C$3.78, with a volume of 76,217 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. National Bankshares raised their target price on shares of BTB Real Estate Investment Trust from C$3.50 to C$3.65 and gave the company a “sector perform” rating in a research note on Wednesday, November 9th. Royal Bank of Canada lowered their target price on shares of BTB Real Estate Investment Trust from C$4.25 to C$4.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 9th.

BTB Real Estate Investment Trust Trading Up 0.3 %

The stock’s fifty day simple moving average is C$3.39 and its 200-day simple moving average is C$3.62. The firm has a market cap of C$320.29 million and a PE ratio of 4.91. The company has a debt-to-equity ratio of 151.54, a current ratio of 0.15 and a quick ratio of 0.08.

BTB Real Estate Investment Trust Company Profile

(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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