Royal Bank of Canada Forecasts Strong Price Appreciation for BTB Real Estate Investment Trust (TSE:BTB.UN) Stock

BTB Real Estate Investment Trust (TSE:BTB.UN) had its price target raised by investment analysts at Royal Bank of Canada from C$3.50 to C$3.75 in a research note issued on Wednesday,BayStreet.CA reports. Royal Bank of Canada’s target price points to a potential upside of 2.18% from the company’s previous close.

BTB Real Estate Investment Trust Stock Performance

TSE:BTB.UN opened at C$3.67 on Wednesday. The company has a fifty day simple moving average of C$3.58 and a two-hundred day simple moving average of C$3.34. The company has a market cap of C$321.05 million, a price-to-earnings ratio of 10.49 and a beta of 1.47. The company has a quick ratio of 0.17, a current ratio of 0.16 and a debt-to-equity ratio of 150.90. BTB Real Estate Investment Trust has a 52 week low of C$2.80 and a 52 week high of C$3.78.

About BTB Real Estate Investment Trust

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is a property owner active in Canada and owns 77 properties, representing a total leasable area of approximately 6.1 million square feet and a total asset value that surpasses $1.2 billion. BTB offers a distribution reinvestment plan to unitholders whereby the participants may elect to have their monthly cash distribution reinvested in additional units of BTB at a price based on the weighted average price for BTB’s Units on the Toronto Stock Exchange for the five trading days immediately preceding the distribution date, discounted by 3%.