BTB Real Estate Investment Trust (TSE:BTB.UN) Price Target Cut to C$3.05 by Analysts at National Bankshares

BTB Real Estate Investment Trust (TSE:BTB.UN) had its target price reduced by National Bankshares from C$3.15 to C$3.05 in a research note published on Wednesday morning, BayStreet.CA reports. They currently have a sector perform rating on the real estate investment trust’s stock.

BTB Real Estate Investment Trust Stock Down 1.3 %

BTB.UN stock opened at C$3.16 on Wednesday. BTB Real Estate Investment Trust has a twelve month low of C$2.71 and a twelve month high of C$3.39. The company has a quick ratio of 0.17, a current ratio of 0.08 and a debt-to-equity ratio of 152.05. The stock has a market cap of C$274.00 million, a P/E ratio of 7.52 and a beta of 1.47. The business’s 50-day moving average price is C$3.11 and its 200-day moving average price is C$3.01.

About BTB Real Estate Investment Trust

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.