BTB Real Estate Investment Trust (TSE:BTB.UN) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

BTB Real Estate Investment Trust (TSE:BTB.UN)’s stock price passed 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.

Analysts Set New Price Targets

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

BTB Real Estate Investment Trust Price Performance

The stock has a market capitalization of C$337.91 million, a P/E ratio of 15.28 and a beta of 0.57. 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 company has a fifty day simple moving average of C$3.84 and a two-hundred day simple moving average of C$3.97.

BTB Real Estate Investment Trust (TSE:BTB.UN) last announced its quarterly earnings data on Tuesday, May 12th. The real estate investment trust reported C$0.09 earnings per share for the quarter. The firm had revenue of C$31.96 million during the quarter. BTB Real Estate Investment Trust had a return on equity of 6.58% and a net margin of 24.50%. Sell-side 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.