BTB Real Estate Investment Trust (TSE:BTB.UN) Stock Price Passes Above 50-Day Moving Average – Here’s Why

BTB Real Estate Investment Trust (TSE:BTB.UN)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$3.56 and traded as high as C$3.59. BTB Real Estate Investment Trust shares last traded at C$3.57, with a volume of 101,655 shares.

BTB Real Estate Investment Trust Stock Up 0.8 %

The business’s 50 day moving average is C$3.56 and its 200 day moving average is C$3.33. 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 has a market cap of C$312.30 million, a P/E ratio of 10.20 and a beta of 1.47.

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%.