BTB Real Estate Investment Trust (TSE:BTB.UN) Price Target Lowered to C$3.05 at National Bankshares

BTB Real Estate Investment Trust (TSE:BTB.UN - Free Report) had its target price reduced by National Bankshares from C$3.15 to C$3.05 in a research report report published on Wednesday, BayStreet.CA reports. They currently have a sector perform rating on the real estate investment trust's stock.

BTB Real Estate Investment Trust Price Performance

Shares of TSE:BTB.UN traded down C$0.04 during trading hours on Wednesday, hitting C$3.16. 43,079 shares of the company's stock traded hands, compared to its average volume of 89,846. The company's fifty day simple moving average is C$3.10 and its two-hundred day simple moving average is C$3.01. The company has a market cap of C$274.00 million, a price-to-earnings ratio of 7.55 and a beta of 1.47. The company has a debt-to-equity ratio of 152.05, a quick ratio of 0.17 and a current ratio of 0.08. BTB Real Estate Investment Trust has a 52 week low of C$2.71 and a 52 week high of C$3.39.

About BTB Real Estate Investment Trust

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in eastern Canada. Today, BTB owns 65 retail, office and industrial properties for a total leasable area to date of 5.2 million square feet. The objectives of BTB are: (i) to grow its revenues from its assets to increase distributable income and therefore fund distributions; (ii) to maximize the value of its assets through dynamic management of its properties in order to sustain the long-term value of its units; and (iii) to generate cash distributions that are fiscally beneficial to unitholders.