BTB Real Estate Investment Trust (TSE:BTB.UN) Share Price Passes Below 200-Day Moving Average – Here’s Why

BTB Real Estate Investment Trust (TSE:BTB.UN)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.99 and traded as low as C$3.72. BTB Real Estate Investment Trust shares last traded at C$3.77, with a volume of 144,861 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut BTB Real Estate Investment Trust from a “buy” rating to a “hold” rating and set a C$4.25 price target for the company. in a report on Thursday, February 26th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$3.88.

BTB Real Estate Investment Trust Stock Performance

The company has a quick ratio of 0.17, a current ratio of 0.16 and a debt-to-equity ratio of 150.90. The firm has a 50-day moving average price of C$3.84 and a 200 day moving average price of C$3.99. The firm has a market capitalization of C$331.71 million, a PE ratio of 15.00 and a beta of 0.55.

BTB Real Estate Investment Trust (TSE:BTB.UN) last issued its quarterly earnings data on Tuesday, May 12th. The real estate investment trust reported C$0.09 earnings per share for the quarter. BTB Real Estate Investment Trust had a return on equity of 6.58% and a net margin of 24.50%.The business had revenue of C$31.96 million during the quarter. Research analysts expect that BTB Real Estate Investment Trust will post 0.3997773 earnings per share for the current year.

About BTB Real Estate Investment Trust

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.