BTB Real Estate Investment Trust (TSE:BTB.UN) PT Raised to C$4.70 at Laurentian
BTB Real Estate Investment Trust (TSE:BTB.UN) had its price target boosted by Laurentian from C$4.50 to C$4.70 in a research note published on Friday, BayStreet.CA reports.
Separately, National Bank Financial reiterated a sector perform rating and issued a C$4.65 target price on shares of BTB Real Estate Investment Trust in a research report on Monday, June 17th.
TSE:BTB.UN opened at C$4.71 on Friday. The company has a debt-to-equity ratio of 176.90, a quick ratio of 0.25 and a current ratio of 0.63. The company has a fifty day moving average of C$4.72 and a two-hundred day moving average of C$4.74. The stock has a market capitalization of $261.55 million and a PE ratio of 7.01. BTB Real Estate Investment Trust has a fifty-two week low of C$4.03 and a fifty-two week high of C$4.94.
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.
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