BTB Real Estate Investment Trust (TSE:BTB.UN) Stock Price Passes Above 50-Day Moving Average of $3.72

BTB Real Estate Investment Trust (TSE:BTB.UNGet Rating) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$3.72 and traded as high as C$3.82. BTB Real Estate Investment Trust shares last traded at C$3.77, with a volume of 129,118 shares.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BTB.UN shares. National Bankshares increased their price target on shares of BTB Real Estate Investment Trust from C$3.50 to C$3.65 and gave the stock a “sector perform” rating in a report on Wednesday, November 9th. Royal Bank of Canada cut their price target 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 report on Wednesday, November 9th.

BTB Real Estate Investment Trust Stock Down 1.0 %

The company has a debt-to-equity ratio of 153.24, a current ratio of 0.25 and a quick ratio of 0.17. The firm’s 50-day simple moving average is C$3.72 and its two-hundred day simple moving average is C$3.59. The company has a market capitalization of C$319.44 million and a price-to-earnings ratio of 4.90.

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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