Insider Buying: BTB Real Estate Investment Trust (TSE:BTB.UN) Director Purchases 9,500 Shares of Stock

BTB Real Estate Investment Trust (TSE:BTB.UN) Director Sylvie Lachance purchased 9,500 shares of the stock in a transaction dated Thursday, April 25th. The shares were purchased at an average price of C$3.17 per share, with a total value of C$30,115.00.

BTB Real Estate Investment Trust Trading Down 1.3 %

BTB.UN stock traded down C$0.04 during midday trading on Monday, reaching C$3.13. 81,607 shares of the company’s stock traded hands, compared to its average volume of 89,235. The business has a 50-day moving average price of C$3.11 and a two-hundred day moving average price of C$3.01. BTB Real Estate Investment Trust has a fifty-two week low of C$2.71 and a fifty-two week high of C$3.39. The company has a debt-to-equity ratio of 152.05, a current ratio of 0.08 and a quick ratio of 0.17. The company has a market capitalization of C$271.40 million, a P/E ratio of 7.50 and a beta of 1.47.

Analysts Set New Price Targets

Separately, National Bankshares lowered 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.

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.