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

Shares of BTB Real Estate Investment Trust (TSE:BTB.UN) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.97 and traded as low as C$3.79. BTB Real Estate Investment Trust shares last traded at C$3.84, with a volume of 51,855 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut shares of 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 investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$3.88.

BTB Real Estate Investment Trust Price Performance

The company has a debt-to-equity ratio of 150.90, a quick ratio of 0.17 and a current ratio of 0.16. The company has a fifty day moving average price of C$3.83 and a two-hundred day moving average price of C$3.97. The company has a market cap of C$339.67 million, a P/E ratio of 15.36 and a beta of 0.57.

BTB Real Estate Investment Trust (TSE:BTB.UN) last released its earnings results on Tuesday, May 12th. The real estate investment trust reported C$0.09 earnings per share (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 business had revenue of C$31.96 million for the quarter. On average, sell-side analysts anticipate that BTB Real Estate Investment Trust will post 0.3997773 earnings per share 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.