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

BTB Real Estate Investment Trust (TSE:BTB.UN)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty 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.

Analyst Ratings Changes

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

BTB Real Estate Investment Trust Stock Performance

The firm’s 50-day moving average price is C$3.20 and its two-hundred day moving average price is C$3.09. The company has a debt-to-equity ratio of 151.18, a quick ratio of 0.17 and a current ratio of 0.12. The stock has a market cap of C$276.39 million, a price-to-earnings ratio of 7.93 and a beta of 1.47.

Insider Buying and Selling at BTB Real Estate Investment Trust

In other BTB Real Estate Investment Trust news, Director Sylvie Lachance purchased 9,500 shares of BTB Real Estate Investment Trust stock in a transaction dated Thursday, April 25th. The shares were acquired at an average price of C$3.17 per share, with a total value of C$30,115.00. 1.61% of the stock is currently owned by corporate insiders.

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.