BTB Real Estate Investment Trust (TSE:BTB.UN) Shares Cross Above 50 Day Moving Average of $3.08

BTB Real Estate Investment Trust (TSE:BTB.UN)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$3.08 and traded as high as C$3.28. BTB Real Estate Investment Trust shares last traded at C$3.23, with a volume of 131,136 shares changing hands.

Analysts Set New Price Targets

Separately, National Bankshares lifted their target price on BTB Real Estate Investment Trust from C$3.00 to C$3.15 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th.

BTB Real Estate Investment Trust Stock Down 1.2 %

The company has a debt-to-equity ratio of 152.05, a quick ratio of 0.17 and a current ratio of 0.08. The firm has a market capitalization of C$280.07 million, a PE ratio of 7.69 and a beta of 1.47. The company has a fifty day moving average price of C$3.08 and a 200-day moving average price of C$3.00.

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.