BTB Real Estate Investment Trust (TSE:BTB.UN) Stock Price Crosses Above Fifty Day Moving Average of $3.08

BTB Real Estate Investment Trust (TSE:BTB.UN)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$3.08 and traded as high as C$3.10. BTB Real Estate Investment Trust shares last traded at C$3.05, with a volume of 171,341 shares changing hands.

Wall Street Analysts Forecast Growth

BTB.UN has been the subject of a number of research reports. Royal Bank of Canada reduced their price objective on BTB Real Estate Investment Trust from C$4.00 to C$3.75 and set a “sector perform” rating for the company in a research report on Wednesday, August 9th. National Bankshares reduced their price objective on BTB Real Estate Investment Trust from C$3.65 to C$3.40 in a research report on Tuesday, July 18th.

BTB Real Estate Investment Trust Price Performance

The stock has a fifty day moving average of C$3.08 and a two-hundred day moving average of C$3.19. The stock has a market capitalization of C$262.42 million, a price-to-earnings ratio of 7.82 and a beta of 1.48. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 155.18.

About BTB Real Estate Investment Trust

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.