Artis Real Estate Investment Trust Unit (TSE:AX.UN) Share Price Passes Above Two Hundred Day Moving Average of $6.39

Artis Real Estate Investment Trust Unit (TSE:AX.UNGet Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.39 and traded as high as C$6.64. Artis Real Estate Investment Trust Unit shares last traded at C$6.52, with a volume of 84,852 shares traded.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AX.UN shares. Royal Bank of Canada decreased their price target on Artis Real Estate Investment Trust Unit from C$7.50 to C$6.50 and set a “sector perform” rating for the company in a report on Monday, March 4th. TD Securities reduced their target price on Artis Real Estate Investment Trust Unit from C$7.00 to C$6.50 and set a “hold” rating for the company in a research note on Monday, March 4th. Finally, Scotiabank raised their target price on Artis Real Estate Investment Trust Unit from C$6.50 to C$7.00 in a research note on Monday, May 6th.

Check Out Our Latest Analysis on Artis Real Estate Investment Trust Unit

Artis Real Estate Investment Trust Unit Stock Performance

The firm has a market cap of C$691.51 million, a P/E ratio of -2.19 and a beta of 1.09. The company has a current ratio of 1.00, a quick ratio of 0.07 and a debt-to-equity ratio of 112.94. The company’s 50-day moving average is C$6.45 and its two-hundred day moving average is C$6.39.

Artis Real Estate Investment Trust Unit Company Profile

(Get Free Report)

Artis is a diversified Canadian real estate investment trust investing in office, retail and industrial properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and select markets in the United States.

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