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

BTB Real Estate Investment Trust (TSE:BTB.UN) was downgraded by research analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a report released on Thursday,BayStreet.CA reports. They presently have a C$4.25 price target on the real estate investment trust’s stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 3.66% from the company’s current price.

BTB Real Estate Investment Trust Stock Performance

Shares of TSE:BTB.UN traded down C$0.05 during trading on Thursday, hitting C$4.10. 198,617 shares of the stock traded hands, compared to its average volume of 89,458. The company has a quick ratio of 0.17, a current ratio of 0.16 and a debt-to-equity ratio of 150.90. BTB Real Estate Investment Trust has a 52-week low of C$2.93 and a 52-week high of C$4.33. The company has a fifty day moving average price of C$4.17 and a two-hundred day moving average price of C$3.96. The company has a market cap of C$361.74 million, a price-to-earnings ratio of 8.72 and a beta of 0.64.

BTB Real Estate Investment Trust (TSE:BTB.UN) last announced its 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%. As a group, equities analysts predict 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.