Artis Real Estate Investment Trust Unit (TSE:AX.UN) Share Price Passes Above Two Hundred Day Moving Average of $6.39

Shares of Artis Real Estate Investment Trust Unit (TSE:AX.UNGet Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$6.39 and traded as high as C$6.64. Artis Real Estate Investment Trust Unit shares last traded at C$6.52, with a volume of 84,852 shares.

Wall Street Analyst Weigh In

AX.UN has been the subject of a number of research analyst reports. Royal Bank of Canada cut 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 report on Monday, March 4th. TD Securities cut their target price 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. Finally, Scotiabank upped their target price on Artis Real Estate Investment Trust Unit from C$6.50 to C$7.00 in a research report on Monday, May 6th.

Check Out Our Latest Stock Analysis on AX.UN

Artis Real Estate Investment Trust Unit Price Performance

The company has a quick ratio of 0.07, a current ratio of 1.00 and a debt-to-equity ratio of 112.94. The firm has a market capitalization of C$691.51 million, a price-to-earnings ratio of -2.19 and a beta of 1.09. The stock’s 50 day moving average price is C$6.45 and its two-hundred day moving average price is C$6.39.

About Artis Real Estate Investment Trust Unit

(Get Free Report)

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.

See Also

Receive News & Ratings for Artis Real Estate Investment Trust Unit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artis Real Estate Investment Trust Unit and related companies with MarketBeat.com's FREE daily email newsletter.