BTB Real Estate Investment Trust (TSE:BTB.UN) Stock Price Down 1.2% – Here’s What Happened

Shares of BTB Real Estate Investment Trust (TSE:BTB.UN) fell 1.2% during mid-day trading on Thursday . The stock traded as low as C$3.37 and last traded at C$3.43. 298,508 shares were traded during mid-day trading, an increase of 234% from the average session volume of 89,330 shares. The stock had previously closed at C$3.47.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lifted their price objective on BTB Real Estate Investment Trust from C$3.50 to C$3.75 in a report on Wednesday, November 6th.

BTB Real Estate Investment Trust Trading Up 0.6 %

The firm’s fifty day simple moving average is C$3.61 and its 200 day simple moving average is C$3.40. The company has a debt-to-equity ratio of 150.90, a quick ratio of 0.17 and a current ratio of 0.16. The stock has a market capitalization of C$301.81 million, a P/E ratio of 9.86 and a beta of 1.47.

BTB Real Estate Investment Trust Company Profile

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is a property owner active in Canada and owns 77 properties, representing a total leasable area of approximately 6.1 million square feet and a total asset value that surpasses $1.2 billion. BTB offers a distribution reinvestment plan to unitholders whereby the participants may elect to have their monthly cash distribution reinvested in additional units of BTB at a price based on the weighted average price for BTB’s Units on the Toronto Stock Exchange for the five trading days immediately preceding the distribution date, discounted by 3%.