BTB Real Estate Investment Trust (TSE:BTB.UN) Stock Crosses Above Fifty Day Moving Average of $3.04

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BTB Real Estate Investment Trust (TSE:BTB.UN)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.04 and traded as high as $3.04. BTB Real Estate Investment Trust shares last traded at $3.02, with a volume of 257,085 shares trading hands.

The company has a 50-day moving average of C$3.04 and a 200-day moving average of C$3.25. The company has a market capitalization of $184.32 million and a price-to-earnings ratio of 4.58. The company has a current ratio of 0.87, a quick ratio of 0.27 and a debt-to-equity ratio of 168.24.

About BTB Real Estate Investment Trust (TSE:BTB.UN)

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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