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BTB Real Estate Investment Trust (TSE:BTB.UN) Stock Price Passes Below 50-Day Moving Average - Here's What Happened

BTB Real Estate Investment Trust logo with Real Estate background
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BTB Real Estate Investment Trust (TSE:BTB.UN - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$3.90 and traded as low as C$3.84. BTB Real Estate Investment Trust shares last traded at C$3.90, with a volume of 60,975 shares.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on BTB.UN

BTB Real Estate Investment Trust Stock Up 1.3%

The business's fifty day moving average price is C$3.90 and its 200 day moving average price is C$4.00. The firm has a market capitalization of C$344.25 million, a price-to-earnings ratio of 15.60 and a beta of 0.55. 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 (TSE:BTB.UN - Get Free Report) last announced its earnings results on Wednesday, February 25th. The real estate investment trust reported C$0.08 EPS for the quarter. The business had revenue of C$32.34 million for the quarter. BTB Real Estate Investment Trust had a net margin of 24.50% and a return on equity of 6.58%. On average, equities analysts expect that BTB Real Estate Investment Trust will post 0.3997773 EPS for the current year.

BTB Real Estate Investment Trust Company Profile

(Get Free Report)

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.

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