BTB Real Estate Investment Trust (TSE:BTB.UN) Given New C$4.60 Price Target at National Bankshares

BTB Real Estate Investment Trust (TSE:BTB.UN – Get Rating) had its target price cut by stock analysts at National Bankshares from C$4.75 to C$4.60 in a research report issued on Friday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. National Bankshares’ price objective indicates a potential upside of 16.16% from the stock’s current price.

BTB Real Estate Investment Trust stock opened at C$3.96 on Friday. The company has a debt-to-equity ratio of 170.54, a current ratio of 0.10 and a quick ratio of 0.08. BTB Real Estate Investment Trust has a fifty-two week low of C$3.85 and a fifty-two week high of C$4.42. The company’s 50 day simple moving average is C$4.22 and its 200 day simple moving average is C$4.11. The firm has a market capitalization of C$334.00 million and a price-to-earnings ratio of 6.66.

In other news, Director Michel Léonard acquired 12,820 shares of BTB Real Estate Investment Trust stock in a transaction on Thursday, May 12th. The shares were purchased 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 directly owns 315,111 shares of the company’s stock, valued at approximately C$1,222,630.68.

BTB Real Estate Investment Trust Company Profile (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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