BTB Real Estate Investment Trust (TSE:BTB.UN) Cut to “Hold” at Canaccord Genuity Group

Canaccord Genuity Group downgraded shares of BTB Real Estate Investment Trust (TSE:BTB.UN) from a buy rating to a hold rating in a research report sent to investors on Thursday morning,BayStreet.CA reports. They currently have C$4.25 price target on the real estate investment trust’s stock.

BTB Real Estate Investment Trust Stock Down 2.7%

TSE BTB.UN opened at C$4.01 on Thursday. The stock has a market capitalization of C$353.80 million, a P/E ratio of 8.53 and a beta of 0.64. BTB Real Estate Investment Trust has a 52 week low of C$2.93 and a 52 week high of C$4.33. The stock has a fifty day moving average of C$4.17 and a 200-day moving average of C$3.96. The company has a debt-to-equity ratio of 150.90, a quick ratio of 0.17 and a current ratio of 0.16.

BTB Real Estate Investment Trust (TSE:BTB.UN) last issued its earnings results on Tuesday, February 24th. The real estate investment trust reported C$0.08 earnings per share (EPS) for the quarter. BTB Real Estate Investment Trust had a net margin of 24.50% and a return on equity of 6.58%. On average, equities research analysts forecast that BTB Real Estate Investment Trust will post 0.3997773 EPS for the current year.

BTB Real Estate Investment Trust Company Profile

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB invests in industrial, suburban office and necessity-based retail properties across Canada for the benefit of their investors. As of today, BTB owns and manages 72 properties, representing a total leasable area of approximately 6 million square feet. People and their stories are at the heart of our success.