BTB Real Estate Investment Trust (TSE:BTB.UN) Price Target Raised to C$3.75 at Royal Bank of Canada

BTB Real Estate Investment Trust (TSE:BTB.UN) had its price objective upped by research analysts at Royal Bank of Canada from C$3.50 to C$3.75 in a research note issued to investors on Wednesday, BayStreet.CA reports. Royal Bank of Canada’s price target suggests a potential upside of 4.17% from the company’s current price.

BTB Real Estate Investment Trust Price Performance

BTB.UN traded down C$0.05 on Wednesday, hitting C$3.60. 70,028 shares of the company were exchanged, compared to its average volume of 89,073. BTB Real Estate Investment Trust has a fifty-two week low of C$2.80 and a fifty-two week high of C$3.78. 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 business’s fifty day moving average is C$3.57 and its 200 day moving average is C$3.33. The firm has a market capitalization of C$314.93 million, a P/E ratio of 10.31 and a beta of 1.47.

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%.