BTB Real Estate Investment Trust (TSE:BTB.UN) Stock Passes Above 50 Day Moving Average of $3.26

Shares of BTB Real Estate Investment Trust (TSE:BTB.UN) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$3.26 and traded as high as C$3.52. BTB Real Estate Investment Trust shares last traded at C$3.52, with a volume of 126,039 shares traded.

BTB Real Estate Investment Trust Price Performance

The company’s 50-day simple moving average is C$3.26 and its 200-day simple moving average is C$3.20. 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 stock has a market capitalization of C$307.93 million, a price-to-earnings ratio of 10.06 and a beta of 1.46.

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.