BTB Real Estate Investment Trust (TSE:BTB.UN) Stock Passes Below 50 Day Moving Average of $3.20

BTB Real Estate Investment Trust (TSE:BTB.UN - Get Free Report)'s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$3.20 and traded as low as C$3.12. BTB Real Estate Investment Trust shares last traded at C$3.17, with a volume of 90,900 shares.

Wall Street Analyst Weigh In

Separately, National Bankshares reduced their target price on BTB Real Estate Investment Trust from C$3.15 to C$3.05 and set a "sector perform" rating for the company in a research report on Wednesday, April 24th.

BTB Real Estate Investment Trust Stock Performance

The stock has a market capitalization of C$275.52 million, a P/E ratio of 7.90 and a beta of 1.47. The firm has a 50-day moving average of C$3.20 and a 200 day moving average of C$3.09. The company has a quick ratio of 0.17, a current ratio of 0.12 and a debt-to-equity ratio of 151.18.

Insider Buying and Selling at BTB Real Estate Investment Trust

In related news, Director Sylvie Lachance acquired 9,500 shares of the business's stock in a transaction on Thursday, April 25th. The stock was bought at an average cost of C$3.17 per share, with a total value of C$30,115.00. Company insiders own 1.61% 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 an important owner of properties in eastern Canada. Today, BTB owns 65 retail, office and industrial properties for a total leasable area to date of 5.2 million square feet. The objectives of BTB are: (i) to grow its revenues from its assets to increase distributable income and therefore fund distributions; (ii) to maximize the value of its assets through dynamic management of its properties in order to sustain the long-term value of its units; and (iii) to generate cash distributions that are fiscally beneficial to unitholders.