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

BTB Real Estate Investment Trust (TSE:BTB.UNGet Rating) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-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 Analyst Weigh In

A number of equities research analysts have weighed in on BTB.UN shares. Royal Bank of Canada decreased 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. National Bankshares boosted 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.

BTB Real Estate Investment Trust Price Performance

The firm’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 P/E ratio of 4.91. The company has a debt-to-equity ratio of 151.54, a quick ratio of 0.08 and a current ratio of 0.15.

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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