BTB Real Estate Investment Trust (TSE:BTB.UN) Share Price Passes Above Fifty Day Moving Average - Here's What Happened

Key Points

• BTB Real Estate Investment Trust shares have surpassed their fifty-day moving average, trading as high as C$3.71 and last recorded at C$3.68 during recent trading.
• National Bankshares has raised its price target for BTB from C$3.15 to C$3.35, maintaining a "sector perform" rating according to a research note.
• BTB REIT has a market capitalization of C$321.93 million and is significantly leveraged with a high debt-to-equity ratio of 150.90.

BTB Real Estate Investment Trust (TSE:BTB.UN - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$3.64 and traded as high as C$3.71. BTB Real Estate Investment Trust shares last traded at C$3.68, with a volume of 71,061 shares traded.

Analysts Set New Price Targets

Separately, National Bankshares raised their price target on BTB Real Estate Investment Trust from C$3.15 to C$3.35 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th.

BTB Real Estate Investment Trust Price Performance

The business has a 50-day simple moving average of C$3.65 and a 200 day simple moving average of C$3.46. The stock has a market cap of C$318.43 million, a P/E ratio of 10.40 and a beta of 1.47. The company has a current ratio of 0.16, a quick ratio of 0.17 and a debt-to-equity ratio of 150.90.

About BTB Real Estate Investment Trust

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.