BTB Real Estate Investment Trust (TSE:BTB.UN) Downgraded by Canaccord Genuity Group to Hold

Canaccord Genuity Group lowered shares of BTB Real Estate Investment Trust (TSE:BTB.UN) from a buy rating to a hold rating in a research note published on Thursday morning,BayStreet.CA reports. The firm currently has C$4.25 price objective on the real estate investment trust’s stock.

BTB Real Estate Investment Trust Trading Down 0.7%

Shares of BTB.UN opened at C$4.12 on Thursday. BTB Real Estate Investment Trust has a 1-year low of C$2.93 and a 1-year high of C$4.33. The company has a current ratio of 0.16, a quick ratio of 0.17 and a debt-to-equity ratio of 150.90. The firm’s 50-day moving average price is C$4.17 and its 200-day moving average price is C$3.96. The firm has a market capitalization of C$363.50 million, a price-to-earnings ratio of 8.77 and a beta of 0.64.

BTB Real Estate Investment Trust (TSE:BTB.UN) last released its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported C$0.08 earnings per share (EPS) for the quarter. BTB Real Estate Investment Trust had a net margin of 24.50% and a return on equity of 6.58%. Sell-side analysts anticipate that BTB Real Estate Investment Trust will post 0.3997773 EPS for the current year.

About BTB Real Estate Investment Trust

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.