BTB Real Estate Investment Trust (OTC:BTBIF) operates as an unincorporated open-ended real estate investment trust.
Insider buying during the last 30 days
Here is a table of BTB Real Estate Investment Trust's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Prospectus||Current Ownership||Increase In Shares|
|Benoit Cyr||CFO||June 18||3,000||Yes||27,822
|Claude Garcia||Director||June 11||10,000||Yes||133,209
|Jean-Pierre Janson||Director||June 18||5,000||Yes||70,000 shares||+7.7%|
|Michel Léonard||CEO||June 11-18||17,600||Yes & No||330,622 shares||+5.6%|
|Peter Polatos||Director||June 18||3,000||Yes||88,127
|Frédéric Seigneur||VP||June 18||1,000||Yes||1,000 shares||from 0 to 1,000|
There have been 39,600 shares purchased by insiders during the last 30 days. Most of these shares were purchased pursuant to a public offering.
Insider buying by calendar month
Here is a table of BTB Real Estate Investment Trust's insider activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 112,970 shares purchased and there have been zero shares sold by insiders since January 2013. The month of June 2014 has seen the most insider buying.
BTB Real Estate Investment Trust reported the first-quarter financial results on May 12 with the following highlights:
|Revenue||C$16.5 million ($15.3 million)|
|Net income||C$4.0 million ($3.7 million)|
|Book value||C$5.43 per share ($5.03 per share)|
The six insiders purchased their shares after these results.
BTB Real Estate Investment Trust announced on May 26 that it had purchased a commercial property in Saint-Jean-sur-Richelieu, province of Quebec for $29.3 million. On June 18, BTB Real Estate Investment Trust closed a $19.3 million public offering to fund this acquisition.
BTB Real Estate Investment Trust's competitors include Partners Real Estate Investment Trust (OTC:PTSRF), and Canadian Real Estate Investment Trust (OTC:CRXIF). Here is a table comparing these companies.
|Qtrly Rev Growth (yoy):||0.05||0.15||0.07|
BTB Real Estate Investment Trust has the lowest P/S ratio among these three companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only BTB Real Estate Investment Trust has seen intensive insider buying during the last 30 days.
There have been six different insiders buying BTB Real Estate Investment Trust, and there have not been any insiders selling BTB Real Estate Investment Trust during the last 30 days. Two of these six insiders increased their holdings by more than 10%.
The stock is currently trading below the book value of $5.03 per share. The six insiders purchased their shares at prices ranging from $4.14 (C$4.47) to $4.21 (C$4.55). I believe BTB Real Estate Investment Trust could be a good pick below $4.21 based on the intensive insider buying.
Disclosure: The author has no positions in any stocks mentioned, but may initiate a long position in BTBIF over the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.
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