Insider Buying: BTB Real Estate Investment Trust (TSE:BTB.UN) Director Purchases 5,000 Shares of Stock

BTB Real Estate Investment Trust (TSE:BTB.UNGet Rating) Director Luc Martin purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, May 25th. The shares were purchased at an average cost of C$3.92 per share, with a total value of C$19,605.00. Following the completion of the purchase, the director now owns 25,000 shares in the company, valued at approximately C$98,025.

BTB.UN stock traded up C$0.03 during trading on Friday, reaching C$3.99. 94,067 shares of the stock were exchanged, compared to its average volume of 229,169. The company has a market capitalization of C$336.38 million and a P/E ratio of 6.43. The company has a current ratio of 0.37, a quick ratio of 0.33 and a debt-to-equity ratio of 156.59. BTB Real Estate Investment Trust has a twelve month low of C$3.85 and a twelve month high of C$4.42. The stock has a 50 day simple moving average of C$4.16 and a 200-day simple moving average of C$4.10.

Separately, National Bankshares lowered their target price on shares of 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 report on Friday, May 13th.

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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