Artis Real Estate Investment Trust Unit (TSE:AX.UN - Get 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$6.94 and traded as high as C$8.14. Artis Real Estate Investment Trust Unit shares last traded at C$8.01, with a volume of 162,022 shares changing hands.
Analyst Upgrades and Downgrades
Separately, TD Securities increased their price target on Artis Real Estate Investment Trust Unit from C$6.50 to C$7.00 and gave the company a "hold" rating in a research note on Wednesday, September 4th.
Get Our Latest Analysis on Artis Real Estate Investment Trust Unit
Artis Real Estate Investment Trust Unit Stock Down 2.5 %
The firm has a 50-day moving average of C$7.77 and a two-hundred day moving average of C$6.95. The stock has a market capitalization of C$811.46 million, a price-to-earnings ratio of -3.52 and a beta of 1.20. The company has a quick ratio of 0.07, a current ratio of 0.78 and a debt-to-equity ratio of 104.62.
Insider Buying and Selling
In other news, Director Mazhar H. (Mike) Shaikh purchased 2,600 shares of Artis Real Estate Investment Trust Unit stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of C$20.15 per share, for a total transaction of C$52,390.00. In other Artis Real Estate Investment Trust Unit news, Director Mazhar H. (Mike) Shaikh acquired 2,600 shares of Artis Real Estate Investment Trust Unit stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average price of C$20.15 per share, with a total value of C$52,390.00. Also, Director Salim Manji acquired 6,000 shares of the firm's stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average price of C$7.93 per share, with a total value of C$47,565.00. Over the last ninety days, insiders bought 13,600 shares of company stock worth $139,705. Corporate insiders own 17.67% of the company's stock.
Artis Real Estate Investment Trust Unit Company Profile
(
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Artis is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. Artis's vision is to build a best-in-class asset management and investment platform focused on growing net asset value per unit and distributions for investors through value investing in real estate.
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