Artis Real Estate Investment Trust Unit (TSE:AX.UN) Shares Cross Above 200 Day Moving Average - What's Next?

Shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.25 and traded as high as C$7.50. Artis Real Estate Investment Trust Unit shares last traded at C$7.38, with a volume of 85,010 shares traded.

Wall Street Analyst Weigh In

AX.UN has been the topic of several research reports. TD Securities increased their price objective on shares of Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 and gave the stock a "hold" rating in a research note on Monday, November 18th. Scotiabank increased their price target on Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 in a research note on Thursday, November 14th.

Artis Real Estate Investment Trust Unit Trading Down 2.2 %

The firm has a market cap of C$750.16 million, a P/E ratio of -3.25 and a beta of 1.20. The business's 50-day moving average is C$7.58 and its two-hundred day moving average is C$7.25. The company has a debt-to-equity ratio of 104.62, a current ratio of 0.78 and a quick ratio of 0.07.

Insider Transactions at Artis Real Estate Investment Trust Unit

In related news, Director Mazhar H. (Mike) Shaikh purchased 3,200 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average price of C$20.90 per share, for a total transaction of C$66,880.00. 17.67% of the stock is currently owned by corporate insiders.

About Artis Real Estate Investment Trust Unit

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.