BTB Real Estate Investment Trust (TSE:BTB.UN) Stock Price Expected to Rise, National Bankshares Analyst Says

Key Points

• The price target for BTB Real Estate Investment Trust has been raised from C$3.30 to C$3.50 by National Bankshares, indicating a potential downside of 9.79% from its current price.
• BTB's stock increased by 0.8% on Wednesday, trading at C$3.88 with a market capitalization of C$342.48 million.
• BTB is focused on investing in industrial, off-downtown core office, and necessity-based commercial properties across Canada since its inception in 2006.

BTB Real Estate Investment Trust (TSE:BTB.UN - Get Free Report) had its price target increased by equities researchers at National Bankshares from C$3.30 to C$3.50 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the real estate investment trust's stock. National Bankshares' price objective points to a potential downside of 9.79% from the company's current price.

BTB Real Estate Investment Trust Trading Up 0.8%

Shares of BTB Real Estate Investment Trust stock traded up C$0.03 on Wednesday, reaching C$3.88. 91,808 shares of the company were exchanged, compared to its average volume of 87,238. The stock has a fifty day moving average price of C$3.71 and a 200-day moving average price of C$3.58. The firm has a market capitalization of C$342.48 million, a price-to-earnings ratio of 8.82 and a beta of 0.77. The company has a current ratio of 0.16, a quick ratio of 0.17 and a debt-to-equity ratio of 150.90. BTB Real Estate Investment Trust has a fifty-two week low of C$2.93 and a fifty-two week high of C$3.97.

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.

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