BTB Real Estate Investment Trust (TSE:BTB.UN) Shares Cross Below 50 Day Moving Average – Here’s Why

BTB Real Estate Investment Trust (TSE:BTB.UN)’s share price passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of C$3.73 and traded as low as C$3.64. BTB Real Estate Investment Trust shares last traded at C$3.67, with a volume of 93,684 shares trading hands.

BTB Real Estate Investment Trust Trading Down 0.3%

The company has a 50-day moving average price of C$3.73 and a 200 day moving average price of C$3.80. The company has a current ratio of 0.16, a quick ratio of 0.17 and a debt-to-equity ratio of 150.90. The stock has a market capitalization of C$328.18 million, a P/E ratio of 13.25 and a beta of 0.49.

BTB Real Estate Investment Trust (TSE:BTB.UN) last released its quarterly earnings results on Tuesday, August 11th. The real estate investment trust reported C$0.08 EPS for the quarter. BTB Real Estate Investment Trust had a net margin of 24.50% and a return on equity of 6.58%. The business had revenue of C$31.87 million during the quarter. On average, research analysts forecast that BTB Real Estate Investment Trust will post 0.40 earnings per share for the current fiscal year.

About BTB Real Estate Investment Trust

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB invests in industrial, suburban office and necessity-based retail properties across Canada for the benefit of their investors. As of today, BTB owns and manages 72 properties, representing a total leasable area of approximately 6 million square feet. People and their stories are at the heart of our success.