Artis Real Estate Investment Trust Unit (TSE:AX.UN – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.38 and traded as high as C$6.45. Artis Real Estate Investment Trust Unit shares last traded at C$6.37, with a volume of 281,336 shares changing hands.
Analyst Ratings Changes
Several research analysts have commented on AX.UN shares. Royal Bank of Canada reduced their price objective on Artis Real Estate Investment Trust Unit from C$7.50 to C$6.50 and set a “sector perform” rating on the stock in a report on Monday, March 4th. TD Securities decreased their price objective 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 report on Monday, March 4th. Finally, Scotiabank upped their price objective on shares of Artis Real Estate Investment Trust Unit from C$6.50 to C$7.00 in a research note on Monday, May 6th.
View Our Latest Report on AX.UN
Artis Real Estate Investment Trust Unit Stock Down 0.8 %
The firm has a market capitalization of C$675.60 million, a price-to-earnings ratio of -2.14 and a beta of 1.09. The company has a quick ratio of 0.07, a current ratio of 1.00 and a debt-to-equity ratio of 112.94. The company’s 50 day moving average price is C$6.42 and its 200 day moving average price is C$6.38.
Artis Real Estate Investment Trust Unit Company Profile
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.
Further Reading
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