BTB Real Estate Investment Trust (TSE:BTB.UN) Shares Pass Above 50 Day Moving Average - What's Next?

BTB Real Estate Investment Trust (TSE:BTB.UN - Get Free Report)'s share price crossed 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.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upped 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 Trading Up 0.6 %

The firm has a 50-day moving average of C$3.36 and a 200 day moving average of C$3.47. The company has a market cap of C$300.93 million, a P/E ratio of 9.83 and a beta of 1.47. The company has a current ratio of 0.16, a quick ratio of 0.17 and a debt-to-equity ratio of 150.90.

Insiders Place Their Bets

In other news, Director Armand Des Rosiers purchased 15,000 shares of the business's stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of C$3.33 per share, for a total transaction of C$49,950.00. Corporate insiders own 1.86% of the company's stock.

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%.