BTB Real Estate Investment Trust (TSE:BTB.UN) Director Peter Polatos sold 43,000 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of C$2.50, for a total value of C$107,659.10. Following the completion of the sale, the director now directly owns 62,364 shares in the company, valued at C$156,140.75.
TSE BTB.UN opened at C$3.20 on Friday. BTB Real Estate Investment Trust has a 12 month low of C$2.51 and a 12 month high of C$5.50. The stock has a market cap of $199.21 million and a P/E ratio of 3.64. The stock’s fifty day moving average price is C$4.76 and its 200-day moving average price is C$4.91. The company has a current ratio of 0.26, a quick ratio of 0.18 and a debt-to-equity ratio of 157.01.
Separately, National Bank Financial cut their target price on BTB Real Estate Investment Trust from C$5.00 to C$3.95 and set a “sector perform” rating on the stock in a research note on Wednesday, March 18th.
BTB Real Estate Investment Trust Company Profile
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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