BTB Real Estate Investment Trust (TSE:BTB.UN) Earns Hold Rating from Analysts at Royal Bank of Canada
Analysts at Royal Bank of Canada assumed coverage on shares of BTB Real Estate Investment Trust (TSE:BTB.UN – Get Rating) in a research note issued to investors on Thursday, TipRanks reports. The firm set a “hold” rating and a C$4.25 price target on the real estate investment trust’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 16.12% from the company’s previous close.
Separately, National Bankshares reduced their target price on shares of BTB Real Estate Investment Trust from C$4.75 to C$4.60 and set a “sector perform” rating for the company in a research note on Friday, May 13th.
TSE BTB.UN opened at C$3.66 on Thursday. The company has a quick ratio of 0.33, a current ratio of 0.37 and a debt-to-equity ratio of 156.59. The stock has a market capitalization of C$308.56 million and a PE ratio of 5.91. The company has a 50 day moving average price of C$3.97 and a two-hundred day moving average price of C$4.06. BTB Real Estate Investment Trust has a 12-month low of C$3.44 and a 12-month high of C$4.42.
In other news, Director Michel Léonard acquired 12,820 shares of BTB Real Estate Investment Trust stock in a transaction dated Thursday, May 12th. The stock was acquired at an average cost of C$3.88 per share, for a total transaction of C$49,741.60. Following the completion of the purchase, the director now owns 315,111 shares of the company’s stock, valued at C$1,222,630.68.
About BTB Real Estate Investment Trust (Get Rating)
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.
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