Artis Real Estate Investment Trust Unit (TSE:AX.UN – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$6.33 and traded as high as C$6.49. Artis Real Estate Investment Trust Unit shares last traded at C$6.34, with a volume of 164,650 shares changing hands.
Analysts Set New Price Targets
AX.UN has been the subject of a number of recent analyst reports. Royal Bank of Canada dropped 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 for the company in a research report on Monday, March 4th. TD Securities lowered their target price on shares of 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 note on Monday, March 4th. Finally, Scotiabank cut their price objective on Artis Real Estate Investment Trust Unit from C$7.50 to C$6.50 in a report on Monday, March 4th.
Get Our Latest Stock Analysis on Artis Real Estate Investment Trust Unit
Artis Real Estate Investment Trust Unit Trading Down 1.9 %
The business’s 50-day moving average is C$6.17 and its two-hundred day moving average is C$6.33. The company has a debt-to-equity ratio of 111.06, a current ratio of 0.67 and a quick ratio of 0.07. The firm has a market cap of C$684.40 million, a P/E ratio of -2.05 and a beta of 1.09.
About Artis Real Estate Investment Trust Unit
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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