BTB Real Estate Investment Trust (TSE:BTB.UN) Stock Passes Above 50 Day Moving Average of $3.22

BTB Real Estate Investment Trust (TSE:BTB.UN)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$3.22 and traded as high as C$3.36. BTB Real Estate Investment Trust shares last traded at C$3.34, with a volume of 89,959 shares traded.

BTB Real Estate Investment Trust Price Performance

The company has a debt-to-equity ratio of 150.90, a current ratio of 0.16 and a quick ratio of 0.17. The firm has a market cap of C$293.06 million, a price-to-earnings ratio of 9.57 and a beta of 1.46. The stock’s fifty day moving average price is C$3.23 and its 200-day moving average price is C$3.18.

BTB Real Estate Investment Trust Company Profile

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.