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$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.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on AX.UN shares. Scotiabank lifted 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. TD Securities raised 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 report on Monday, November 18th.
Check Out Our Latest Stock Analysis on Artis Real Estate Investment Trust Unit
Artis Real Estate Investment Trust Unit Trading Down 2.2 %
The firm's 50 day moving average is C$7.58 and its 200 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. The company has a market cap of C$750.16 million, a PE ratio of -3.25 and a beta of 1.20.
Insider Activity
In related news, Director Mazhar H. (Mike) Shaikh acquired 3,200 shares of the stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average price of C$20.90 per share, for a total transaction of C$66,880.00. Company 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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