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Artis Real Estate Investment Trust Unit (TSE:AX.UN) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why

Artis Real Estate Investment Trust Unit logo with Real Estate background
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Artis Real Estate Investment Trust Unit (TSE:AX.UN - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$7.51 and traded as high as C$7.77. Artis Real Estate Investment Trust Unit shares last traded at C$7.73, with a volume of 122,097 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AX.UN shares. Scotiabank increased their price objective on Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 in a research report on Thursday, November 14th. TD Securities increased their price objective on Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 and gave the company a "hold" rating in a research report on Monday, November 18th.

Read Our Latest Stock Analysis on Artis Real Estate Investment Trust Unit

Artis Real Estate Investment Trust Unit Price Performance

The firm has a market cap of C$797.95 million, a price-to-earnings ratio of -3.46 and a beta of 1.20. The company has a current ratio of 0.78, a quick ratio of 0.07 and a debt-to-equity ratio of 104.62. The company has a 50 day moving average of C$7.52 and a 200 day moving average of C$7.53.

About Artis Real Estate Investment Trust Unit

(Get Free Report)

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and select markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin.

Further Reading

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