BTB Real Estate Investment Trust (TSE:BTB.UN) Shares Cross Above 50-Day Moving Average of $3.09

BTB Real Estate Investment Trust (TSE:BTB.UN)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$3.09 and traded as high as C$3.18. BTB Real Estate Investment Trust shares last traded at C$3.15, with a volume of 47,796 shares changing hands.

Analysts Set New Price Targets

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

BTB Real Estate Investment Trust Stock Up 0.6 %

The stock has a market capitalization of C$273.14 million, a price-to-earnings ratio of 7.50 and a beta of 1.47. 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 firm has a 50-day moving average of C$3.09 and a two-hundred day moving average 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.