Insider Buying: BTB Real Estate Investment Trust (TSE:BTB.UN) Director Buys 9,500 Shares of Stock

BTB Real Estate Investment Trust (TSE:BTB.UN) Director Sylvie Lachance bought 9,500 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was purchased at an average cost of C$3.17 per share, for a total transaction of C$30,115.00.

BTB Real Estate Investment Trust Trading Up 0.3 %

Shares of TSE:BTB.UN opened at C$3.14 on Thursday. The stock has a market capitalization of C$272.27 million, a price-to-earnings ratio of 7.48 and a beta of 1.47. The company has a debt-to-equity ratio of 152.05, a quick ratio of 0.17 and a current ratio of 0.08. The stock’s 50-day simple moving average is C$3.12 and its two-hundred day simple moving average is C$3.02. BTB Real Estate Investment Trust has a 52-week low of C$2.71 and a 52-week high of C$3.39.

Analysts Set New Price Targets

Separately, National Bankshares dropped their target price on BTB Real Estate Investment Trust from C$3.15 to C$3.05 and set a “sector perform” rating on the stock in a research report on Wednesday, April 24th.

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.