BTB Real Estate Investment Trust (TSE:BTB.UN) Stock Crosses Below 200-Day Moving Average – Here’s Why

BTB Real Estate Investment Trust (TSE:BTB.UN) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$3.97 and traded as low as C$3.77. BTB Real Estate Investment Trust shares last traded at C$3.77, with a volume of 47,560 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut BTB Real Estate Investment Trust from a “buy” rating to a “hold” rating and set a C$4.25 price target for the company. in a research note on Thursday, February 26th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$3.88.

BTB Real Estate Investment Trust Trading Down 0.3%

The company has a fifty day moving average of C$3.83 and a two-hundred day moving average of C$3.97. The company has a current ratio of 0.16, a quick ratio of 0.17 and a debt-to-equity ratio of 150.90. The stock has a market capitalization of C$333.48 million, a price-to-earnings ratio of 15.08 and a beta of 0.57.

BTB Real Estate Investment Trust (TSE:BTB.UN) last posted its earnings results on Tuesday, May 12th. The real estate investment trust reported C$0.09 earnings per share for the quarter. BTB Real Estate Investment Trust had a return on equity of 6.58% and a net margin of 24.50%.The firm had revenue of C$31.96 million during the quarter. On average, research analysts expect 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.