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

BTB Real Estate Investment Trust (TSE:BTB.UN)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.97 and traded as low as C$3.79. BTB Real Estate Investment Trust shares last traded at C$3.84, with a volume of 51,855 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut shares of BTB Real Estate Investment Trust from a “buy” rating to a “hold” rating and set a C$4.25 target price on the stock. in a research note on Thursday, February 26th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$3.88.

BTB Real Estate Investment Trust Stock Performance

The company has a 50-day moving average of C$3.83 and a 200 day moving average of C$3.97. 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 market capitalization of C$341.44 million, a PE ratio of 15.44 and a beta of 0.57.

BTB Real Estate Investment Trust (TSE:BTB.UN) last announced its earnings results 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 for the quarter. Equities research analysts predict that BTB Real Estate Investment Trust will post 0.3997773 EPS 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.