Insider Buying: BTB Real Estate Investment Trust (TSE:BTB.UN) Senior Officer Buys 7,300 Shares of Stock

BTB Real Estate Investment Trust (TSE:BTB.UN) Senior Officer Bruno Meunier acquired 7,300 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average cost of C$3.40 per share, for a total transaction of C$24,820.00.

BTB Real Estate Investment Trust Price Performance

TSE:BTB.UN traded up C$0.03 during mid-day trading on Friday, hitting C$3.41. 125,047 shares of the company’s stock traded hands, compared to its average volume of 90,832. The company has a debt-to-equity ratio of 150.90, a quick ratio of 0.17 and a current ratio of 0.16. The company has a market cap of C$298.31 million, a PE ratio of 9.74 and a beta of 1.47. The firm’s 50 day simple moving average is C$3.55 and its 200 day simple moving average is C$3.41. BTB Real Estate Investment Trust has a 1 year low of C$2.87 and a 1 year high of C$3.78.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada boosted their target price on BTB Real Estate Investment Trust from C$3.50 to C$3.75 in a research report on Wednesday, November 6th.

BTB Real Estate Investment Trust Company Profile

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%.