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

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 report sent to investors on Wednesday morning,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 Up 0.3%

Shares of BTB.UN traded up C$0.01 during mid-day trading on Wednesday, hitting C$3.61. The company's stock had a trading volume of 19,247 shares, compared to its average volume of 88,315. BTB Real Estate Investment Trust has a 52-week low of C$2.93 and a 52-week high of C$3.78. The company's 50-day moving average is C$3.65 and its 200-day moving average is C$3.47. The firm has a market capitalization of C$315.80 million, a price-to-earnings ratio of 10.31 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.