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

BTB Real Estate Investment Trust logo with Real Estate background

BTB Real Estate Investment Trust (TSE:BTB.UN - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$3.56 and traded as high as C$3.59. BTB Real Estate Investment Trust shares last traded at C$3.57, with a volume of 101,655 shares traded.

BTB Real Estate Investment Trust Stock Up 0.8 %

The company has a debt-to-equity ratio of 150.90, a current ratio of 0.16 and a quick ratio of 0.17. The firm has a market capitalization of C$312.30 million, a price-to-earnings ratio of 10.20 and a beta of 1.47. The business has a fifty day moving average price of C$3.56 and a two-hundred day moving average price of C$3.33.

About BTB Real Estate Investment Trust

(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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