BTB Real Estate Investment Trust (TSE:BTB.UN) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Shares of BTB Real Estate Investment Trust (TSE:BTB.UN) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$3.36 and traded as high as C$3.42. BTB Real Estate Investment Trust shares last traded at C$3.40, with a volume of 52,600 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lifted their price objective on shares of BTB Real Estate Investment Trust from C$3.50 to C$3.75 in a research report on Wednesday, November 6th.

BTB Real Estate Investment Trust Stock Up 0.3 %

The company has a 50-day moving average of C$3.36 and a 200-day moving average of C$3.47. 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 company has a market capitalization of C$297.43 million, a price-to-earnings ratio of 9.71 and a beta of 1.47.

Insider Transactions at BTB Real Estate Investment Trust

In related news, Director Armand Des Rosiers purchased 15,000 shares of BTB Real Estate Investment Trust stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average cost of C$3.33 per share, for a total transaction of C$49,950.00. Over the last ninety days, insiders purchased 24,275 shares of company stock worth $81,525. Company insiders own 1.86% of the company’s stock.

BTB Real Estate Investment Trust Company Profile

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is a property owner active in Canada and owns 77 properties, representing a total leasable area of approximately 6.1 million square feet and a total asset value that surpasses $1.2 billion. BTB offers a distribution reinvestment plan to unitholders whereby the participants may elect to have their monthly cash distribution reinvested in additional units of BTB at a price based on the weighted average price for BTB’s Units on the Toronto Stock Exchange for the five trading days immediately preceding the distribution date, discounted by 3%.