BTB Real Estate Investment Trust (TSE:BTB.UN) Stock Crosses Above 50 Day Moving Average of $3.20

BTB Real Estate Investment Trust (TSE:BTB.UN – Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$3.20 and traded as high as C$3.29. BTB Real Estate Investment Trust shares last traded at C$3.27, with a volume of 47,398 shares trading hands.

Analysts Set New Price Targets

Separately, National Bankshares reduced their price target on BTB Real Estate Investment Trust from C$3.15 to C$3.05 and set a “sector perform” rating for the company in a research report on Wednesday, April 24th.

Read Our Latest Stock Analysis on BTB Real Estate Investment Trust

BTB Real Estate Investment Trust Stock Performance

The stock has a market cap of C$285.11 million, a P/E ratio of 8.18 and a beta of 1.47. The firm has a 50 day moving average of C$3.20 and a two-hundred day moving average of C$3.14. The company has a debt-to-equity ratio of 151.18, a quick ratio of 0.17 and a current ratio of 0.12.

Insider Transactions at BTB Real Estate Investment Trust

In related news, Director Sylvie Lachance bought 9,500 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was purchased at an average cost of C$3.17 per share, for a total transaction of C$30,115.00. Corporate insiders own 1.61% of the company’s stock.

About BTB Real Estate Investment Trust

(Get Free Report)

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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