BTB Real Estate Investment Trust (TSE:BTB.UN) Share Price Crosses Above 50-Day Moving Average – Here’s Why

BTB Real Estate Investment Trust (TSE:BTB.UN)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$3.36 and traded as high as C$3.43. BTB Real Estate Investment Trust shares last traded at C$3.41, with a volume of 201,983 shares trading hands.

Analysts Set New Price Targets

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

BTB Real Estate Investment Trust Stock Up 1.5 %

The company has a debt-to-equity ratio of 150.90, a quick ratio of 0.17 and a current ratio of 0.16. The firm has a market capitalization of C$298.31 million, a price-to-earnings ratio of 9.74 and a beta of 1.47. The firm has a fifty day moving average price of C$3.36 and a 200 day moving average price of C$3.47.

Insider Buying and Selling at BTB Real Estate Investment Trust

In other news, Director Armand Des Rosiers purchased 15,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of C$3.33 per share, with a total value of C$49,950.00. 1.86% of the stock is owned by corporate insiders.

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%.