BTB Real Estate Investment Trust (TSE:BTB.UN) Stock Price Passes Above 50-Day Moving Average of $3.19

Shares of BTB Real Estate Investment Trust (TSE:BTB.UN) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$3.19 and traded as high as C$3.27. BTB Real Estate Investment Trust shares last traded at C$3.26, with a volume of 32,508 shares traded.

Analysts Set New Price Targets

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

BTB Real Estate Investment Trust Stock Performance

The stock has a 50 day moving average of C$3.19 and a 200 day moving average of C$3.15. The company has a quick ratio of 0.17, a current ratio of 0.12 and a debt-to-equity ratio of 151.18. The company has a market capitalization of C$285.18 million, a price-to-earnings ratio of 9.31 and a beta of 1.46.

BTB Real Estate Investment Trust Company Profile

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.