Artis Real Estate Investment Trust Unit (TSE:AX.UN – Get Free Report)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.43 and traded as low as C$5.97. Artis Real Estate Investment Trust Unit shares last traded at C$6.00, with a volume of 200,890 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on AX.UN shares. Royal Bank of Canada lowered their target price on shares of Artis Real Estate Investment Trust Unit from C$7.50 to C$6.50 and set a “sector perform” rating on the stock in a research report on Monday, March 4th. Scotiabank cut their price target on Artis Real Estate Investment Trust Unit from C$7.50 to C$6.50 in a research note on Monday, March 4th. Finally, TD Securities dropped their price objective on Artis Real Estate Investment Trust Unit from C$7.00 to C$6.50 and set a “hold” rating for the company in a research report on Monday, March 4th.
Read Our Latest Stock Report on AX.UN
Artis Real Estate Investment Trust Unit Stock Down 0.7 %
The company has a debt-to-equity ratio of 111.06, a quick ratio of 0.07 and a current ratio of 0.67. The firm has a market cap of C$647.70 million, a PE ratio of -1.94 and a beta of 1.09. The stock has a fifty day moving average price of C$6.38 and a 200-day moving average price of C$6.43.
Artis Real Estate Investment Trust Unit Increases Dividend
The company also recently announced a monthly dividend, which was paid on Monday, January 15th. Stockholders of record on Monday, January 15th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.00%. This is a boost from Artis Real Estate Investment Trust Unit’s previous monthly dividend of $0.05. Artis Real Estate Investment Trust Unit’s payout ratio is presently -19.42%.
Artis Real Estate Investment Trust Unit Company Profile
Artis is a diversified Canadian real estate investment trust investing in office, retail and industrial properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and select markets in the United States.
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