Insider Buying: BTB Real Estate Investment Trust (TSE:BTB.UN) Director Acquires 15,000 Shares of Stock

BTB Real Estate Investment Trust (TSE:BTB.UN - Get Free Report) Director Armand Des Rosiers purchased 15,000 shares of the firm's stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of C$3.33 per share, for a total transaction of C$49,950.00.

BTB Real Estate Investment Trust Stock Down 1.2 %

Shares of TSE BTB.UN traded down C$0.04 during mid-day trading on Thursday, reaching C$3.32. The company had a trading volume of 174,913 shares, compared to its average volume of 90,636. The stock has a market capitalization of C$290.43 million, a PE ratio of 9.49 and a beta of 1.47. BTB Real Estate Investment Trust has a twelve month low of C$2.83 and a twelve month high of C$3.78. 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 stock's 50 day moving average is C$3.60 and its 200-day moving average is C$3.41.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised their target price on 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 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%.