BTB Real Estate Investment Trust (TSE:BTB.UN) Trading Down 1.2% – What’s Next?

Shares of BTB Real Estate Investment Trust (TSE:BTB.UN) traded down 1.2% on Thursday . The stock traded as low as C$3.37 and last traded at C$3.43. 298,508 shares traded hands during trading, an increase of 234% from the average session volume of 89,330 shares. The stock had previously closed at C$3.47.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada boosted their price objective on shares of 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 Stock Performance

The stock has a market capitalization of C$300.06 million, a P/E ratio of 9.80 and a beta of 1.47. 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 stock’s 50-day simple moving average is C$3.62 and its 200 day simple moving average is C$3.40.

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%.