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

BTB Real Estate Investment Trust logo with Real Estate background
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BTB Real Estate Investment Trust (TSE:BTB.UN - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$3.36 and traded as high as C$3.40. BTB Real Estate Investment Trust shares last traded at C$3.35, with a volume of 51,984 shares trading hands.

BTB Real Estate Investment Trust Price Performance

The company has a quick ratio of 0.17, a current ratio of 0.16 and a debt-to-equity ratio of 150.90. The business has a 50-day simple moving average of C$3.36 and a 200-day simple moving average of C$3.48. The company has a market cap of C$296.56 million, a PE ratio of 9.69 and a beta of 1.47.

Insider Transactions at BTB Real Estate Investment Trust

In other news, Director Armand Des Rosiers acquired 15,000 shares of the firm's stock in a transaction on Thursday, December 19th. The shares were bought at an average price of C$3.33 per share, for a total transaction of C$49,950.00. Insiders purchased 24,275 shares of company stock valued at $81,525 over the last 90 days. Corporate insiders own 1.86% of the company's stock.

BTB Real Estate Investment Trust Company Profile

(Get Free Report)

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%.

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