BTB Real Estate Investment Trust (TSE:BTB.UN) Price Target Cut to C$3.05 by Analysts at National Bankshares

BTB Real Estate Investment Trust (TSE:BTB.UN) had its price target reduced by National Bankshares from C$3.15 to C$3.05 in a research report sent to investors on Wednesday, BayStreet.CA reports. They currently have a sector perform rating on the real estate investment trust’s stock.

BTB Real Estate Investment Trust Stock Performance

Shares of TSE BTB.UN opened at C$3.17 on Wednesday. The company has a current ratio of 0.08, a quick ratio of 0.17 and a debt-to-equity ratio of 152.05. BTB Real Estate Investment Trust has a 12 month low of C$2.71 and a 12 month high of C$3.39. The stock has a 50 day moving average of C$3.11 and a 200-day moving average of C$3.01. The company has a market capitalization of C$274.87 million, a P/E ratio of 7.55 and a beta of 1.47.

About BTB Real Estate Investment Trust

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.