Bruno Meunier Purchases 7,300 Shares of BTB Real Estate Investment Trust (TSE:BTB.UN) Stock

BTB Real Estate Investment Trust (TSE:BTB.UN) Senior Officer Bruno Meunier bought 7,300 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average cost of C$3.40 per share, for a total transaction of C$24,820.00.

BTB Real Estate Investment Trust Trading Up 0.9 %

TSE:BTB.UN opened at C$3.41 on Friday. The company has a market capitalization of C$298.31 million, a PE ratio of 9.74 and a beta of 1.47. BTB Real Estate Investment Trust has a 52-week low of C$2.87 and a 52-week high of C$3.78. The stock’s 50 day moving average price is C$3.55 and its 200 day moving average price is C$3.41. The company has a quick ratio of 0.17, a current ratio of 0.16 and a debt-to-equity ratio of 150.90.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upped their price objective on shares of BTB Real Estate Investment Trust from C$3.50 to C$3.75 in a research note on Wednesday, November 6th.

BTB Real Estate Investment Trust Company Profile

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%.