BTB Real Estate Investment Trust (TSE:BTB.UN) Stock Price Crosses Above 50 Day Moving Average - What's Next?

Key Points

• The share price of BTB Real Estate Investment Trust has risen above its fifty day moving average, trading at C$3.68 after hitting a high of C$3.72.
• Analysts at National Bankshares have lowered their price target for BTB from C$3.40 to C$3.30, maintaining a "sector perform" rating on the stock.
• BTB Real Estate Investment Trust has a market capitalization of C$321.93 million and a high debt-to-equity ratio of 150.90.

BTB Real Estate Investment Trust (TSE:BTB.UN - Get Free Report)'s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$3.65 and traded as high as C$3.72. BTB Real Estate Investment Trust shares last traded at C$3.68, with a volume of 162,116 shares trading hands.

Wall Street Analyst Weigh In

Separately, National Bankshares cut their price target on shares of BTB Real Estate Investment Trust from C$3.40 to C$3.30 and set a "sector perform" rating on the stock in a research report on Wednesday, August 6th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of C$3.53.

BTB Real Estate Investment Trust Trading Up 0.5%

The business has a 50 day moving average of C$3.66 and a 200-day moving average of C$3.49. 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 has a market capitalization of C$322.80 million, a P/E ratio of 10.54 and a beta of 1.47.

BTB Real Estate Investment Trust Company Profile

BTB is a real estate investment trust listed on the Toronto Stock Exchange. Since 2006, BTB owns and manages properties across Canada. BTB REIT invests in industrial, off-downtown core office and necessity-based commercial properties for the benefit of its investors.