BTB Real Estate Investment Trust (TSE:BTB.UN) Stock Crosses Below 200-Day Moving Average – Here’s Why

BTB Real Estate Investment Trust (TSE:BTB.UN) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.97 and traded as low as C$3.77. BTB Real Estate Investment Trust shares last traded at C$3.77, with a volume of 47,560 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered BTB Real Estate Investment Trust from a “buy” rating to a “hold” rating and set a C$4.25 target price for the company. in a report on Thursday, February 26th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, BTB Real Estate Investment Trust presently has an average rating of “Hold” and an average target price of C$3.88.

BTB Real Estate Investment Trust Trading Down 0.3%

The company has a market capitalization of C$333.48 million, a price-to-earnings ratio of 15.08 and a beta of 0.57. The business has a fifty day moving average price of C$3.83 and a 200 day moving average price of C$3.97. The company has a debt-to-equity ratio of 150.90, a current ratio of 0.16 and a quick ratio of 0.17.

BTB Real Estate Investment Trust (TSE:BTB.UN) last issued its quarterly earnings results on Tuesday, May 12th. The real estate investment trust reported C$0.09 EPS for the quarter. BTB Real Estate Investment Trust had a return on equity of 6.58% and a net margin of 24.50%.The company had revenue of C$31.96 million during the quarter. On average, equities analysts expect that BTB Real Estate Investment Trust will post 0.3997773 EPS for the current fiscal year.

BTB Real Estate Investment Trust Company Profile

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB invests in industrial, suburban office and necessity-based retail properties across Canada for the benefit of their investors. As of today, BTB owns and manages 72 properties, representing a total leasable area of approximately 6 million square feet. People and their stories are at the heart of our success.