BTB Real Estate Investment Trust (TSE:BTB.UN) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

BTB Real Estate Investment Trust (TSE:BTB.UN) had its target price lifted by Royal Bank of Canada from C$3.50 to C$3.75 in a report issued on Wednesday morning,BayStreet.CA reports.

BTB Real Estate Investment Trust Stock Performance

Shares of BTB.UN stock opened at C$3.59 on Wednesday. The firm has a market cap of C$314.05 million, a price-to-earnings ratio of 10.26 and a beta of 1.47. BTB Real Estate Investment Trust has a 52-week low of C$2.80 and a 52-week high of C$3.78. The company has a quick ratio of 0.17, a current ratio of 0.16 and a debt-to-equity ratio of 150.90. The company’s 50 day moving average is C$3.59 and its 200 day moving average is C$3.34.

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%.