Artis Real Estate Investment Trust Unit (TSE:AX.UN - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$7.21 and traded as high as C$7.39. Artis Real Estate Investment Trust Unit shares last traded at C$7.36, with a volume of 114,518 shares changing hands.
Analyst Upgrades and Downgrades
AX.UN has been the topic of several analyst reports. TD Securities upped their target price on Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 and gave the company a "hold" rating in a report on Monday, November 18th. Scotiabank raised their target price on Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 in a research note on Thursday, November 14th.
Get Our Latest Analysis on AX.UN
Artis Real Estate Investment Trust Unit Price Performance
The business's 50-day moving average is C$7.67 and its two-hundred day moving average is C$7.21. The company has a quick ratio of 0.07, a current ratio of 0.78 and a debt-to-equity ratio of 104.62. The company has a market capitalization of C$770.94 million, a P/E ratio of -3.34 and a beta of 1.20.
Insiders Place Their Bets
In other Artis Real Estate Investment Trust Unit news, Director Mazhar H. (Mike) Shaikh acquired 3,200 shares of Artis Real Estate Investment Trust Unit stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average cost of C$20.90 per share, for a total transaction of C$66,880.00. Insiders bought 8,200 shares of company stock valued at $106,280 over the last ninety days. 17.67% of the stock is currently owned by insiders.
About Artis Real Estate Investment Trust Unit
(
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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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