BTB Real Estate Investment Trust (TSE:BTB.UN) Director Sells C$107,659.10 in Stock
BTB Real Estate Investment Trust (TSE:BTB.UN) Director Peter Polatos sold 43,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of C$2.50, for a total value of C$107,659.10. Following the completion of the transaction, the director now owns 62,364 shares in the company, valued at approximately C$156,140.75.
BTB.UN stock opened at C$2.77 on Thursday. BTB Real Estate Investment Trust has a twelve month low of C$2.51 and a twelve month high of C$5.50. The company has a quick ratio of 0.18, a current ratio of 0.26 and a debt-to-equity ratio of 157.01. The stock’s 50 day moving average is C$4.81 and its 200-day moving average is C$4.92. The firm has a market capitalization of $172.44 million and a PE ratio of 3.15.
Separately, National Bank Financial dropped their target price on BTB Real Estate Investment Trust from C$5.00 to C$3.95 and set a “sector perform” rating on the stock in a report on Wednesday, March 18th.
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.
Featured Article: Average Daily Trade Volume – What It Means In Stock Trading
Receive News & Ratings for BTB Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BTB Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.