BTB Real Estate Investment Trust (TSE:BTB.UN) Stock Price Passes Below Fifty Day Moving Average of $3.98

Shares of BTB Real Estate Investment Trust (TSE:BTB.UN – Get Rating) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$3.98 and traded as low as C$3.55. BTB Real Estate Investment Trust shares last traded at C$3.57, with a volume of 179,040 shares changing hands.

Separately, National Bankshares dropped their price objective on shares of BTB Real Estate Investment Trust from C$4.75 to C$4.60 and set a “sector perform” rating on the stock in a report on Friday, May 13th.

The company has a current ratio of 0.37, a quick ratio of 0.33 and a debt-to-equity ratio of 156.59. The stock’s 50-day simple moving average is C$3.98 and its 200-day simple moving average is C$4.06. The firm has a market capitalization of C$300.98 million and a P/E ratio of 5.77.

In other news, Director Michel Léonard acquired 12,820 shares of BTB Real Estate Investment Trust stock in a transaction on Thursday, May 12th. The stock was acquired at an average cost of C$3.88 per share, with a total value of C$49,741.60. Following the transaction, the director now owns 315,111 shares of the company’s stock, valued at approximately C$1,222,630.68.

BTB Real Estate Investment Trust Company Profile (TSE:BTB.UN)

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.

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