BTB Real Estate Investment Trust (TSE:BTB.UN) Lowered to Hold Rating by Canaccord Genuity Group

BTB Real Estate Investment Trust (TSE:BTB.UN) was downgraded by analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a research report issued on Thursday,BayStreet.CA reports. They presently have a C$4.25 target price on the real estate investment trust’s stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 3.66% from the company’s previous close.

BTB Real Estate Investment Trust Trading Down 1.2%

Shares of TSE:BTB.UN traded down C$0.05 during trading hours on Thursday, hitting C$4.10. 198,617 shares of the company’s stock traded hands, compared to its average volume of 89,458. BTB Real Estate Investment Trust has a 1 year low of C$2.93 and a 1 year high of C$4.33. The firm has a market capitalization of C$361.74 million, a P/E ratio of 8.72 and a beta of 0.64. The business has a fifty day moving average price of C$4.17 and a 200-day moving average price of C$3.96. The company has a debt-to-equity ratio of 150.90, a current ratio of 0.16 and a quick ratio of 0.17.

BTB Real Estate Investment Trust (TSE:BTB.UN) last issued its earnings results on Tuesday, February 24th. The real estate investment trust reported C$0.08 earnings per share (EPS) for the quarter. BTB Real Estate Investment Trust had a net margin of 24.50% and a return on equity of 6.58%. Equities analysts expect that BTB Real Estate Investment Trust will post 0.3997773 earnings per share for the current year.

BTB Real Estate Investment Trust Company Profile

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB invests in industrial, suburban office and necessity-based retail properties across Canada for the benefit of their investors. As of today, BTB owns and manages 72 properties, representing a total leasable area of approximately 6 million square feet. People and their stories are at the heart of our success.