Royal Bank of Canada Forecasts Strong Price Appreciation for BTB Real Estate Investment Trust (TSE:BTB.UN) Stock

BTB Real Estate Investment Trust (TSE:BTB.UN) had its price objective increased by Royal Bank of Canada from C$3.50 to C$3.75 in a research note released on Wednesday, BayStreet.CA reports.

BTB Real Estate Investment Trust Trading Down 0.8 %

TSE:BTB.UN opened at C$3.62 on Wednesday. The company has a debt-to-equity ratio of 150.90, a current ratio of 0.16 and a quick ratio of 0.17. BTB Real Estate Investment Trust has a one year low of C$2.80 and a one year high of C$3.78. The company has a market cap of C$316.68 million, a PE ratio of 10.34 and a beta of 1.47. The firm has a 50-day moving average of C$3.58 and a 200-day moving average of C$3.34.

About BTB Real Estate Investment Trust

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%.