BTB Real Estate Investment Trust (TSE:BTB.UN) Price Target Lowered to C$3.30 at National Bankshares

Key Points

• National Bankshares has reduced BTB Real Estate Investment Trust's price target to C$3.30, down from C$3.40, indicating a potential downside of 7.56% from its previous close.
• BTB Real Estate Investment Trust's stock decreased by 0.8% on Wednesday, trading at C$3.57 with a significant trading volume of 137,504 shares.
• BTB REIT primarily invests in industrial and necessity-based commercial properties, and has been operating in Canada since 2006.

BTB Real Estate Investment Trust (TSE:BTB.UN - Free Report) had its price objective decreased by National Bankshares from C$3.40 to C$3.30 in a research note released on Wednesday,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the real estate investment trust's stock.

BTB Real Estate Investment Trust Stock Performance

Shares of TSE:BTB.UN remained flat at C$3.60 during midday trading on Wednesday. The stock had a trading volume of 34,125 shares, compared to its average volume of 88,423. BTB Real Estate Investment Trust has a 1-year low of C$2.93 and a 1-year high of C$3.78. 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 company has a market cap of C$314.93 million, a PE ratio of 10.29 and a beta of 1.47. The business has a 50 day moving average of C$3.65 and a two-hundred day moving average of C$3.47.

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.