Artis Real Estate Investment Trust Unit (TSE:AX.UN) Stock Passes Above 200 Day Moving Average of $6.35

Artis Real Estate Investment Trust Unit (TSE:AX.UN)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.35 and traded as high as C$6.60. Artis Real Estate Investment Trust Unit shares last traded at C$6.50, with a volume of 323,372 shares traded.

Analysts Set New Price Targets

AX.UN has been the subject of several recent analyst reports. TD Securities decreased their price target 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 note on Monday, March 4th. Royal Bank of Canada decreased their target price on 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 note on Monday, March 4th. Finally, Scotiabank decreased their target price on Artis Real Estate Investment Trust Unit from C$7.50 to C$6.50 in a research note on Monday, March 4th.

Artis Real Estate Investment Trust Unit Stock Performance

The firm has a fifty day moving average price of C$6.22 and a 200 day moving average price of C$6.35. The firm has a market capitalization of C$701.68 million, a PE ratio of -2.10 and a beta of 1.09. The company has a debt-to-equity ratio of 111.06, a current ratio of 0.67 and a quick ratio of 0.07.

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.