Artis Real Estate Investment Trust Unit (TSE:AX.UN) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Artis Real Estate Investment Trust Unit (TSE:AX.UN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$7.00 and traded as high as C$7.18. Artis Real Estate Investment Trust Unit shares last traded at C$7.14, with a volume of 279,806 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Scotiabank downgraded shares of Artis Real Estate Investment Trust Unit from a “sector perform” rating to an “underperform” rating and set a C$7.50 price target for the company. in a report on Tuesday, September 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell” and a consensus target price of C$7.50.

Artis Real Estate Investment Trust Unit Trading Up 1.1%

The firm has a market cap of C$685.20 million, a P/E ratio of -8.21 and a beta of 0.60. The company has a current ratio of 0.78, a quick ratio of 0.07 and a debt-to-equity ratio of 104.62. The company’s fifty day moving average price is C$6.34 and its two-hundred day moving average price is C$7.00.

Artis Real Estate Investment Trust Unit Company Profile

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT’s portfolio comprises properties located in Central and Western Canada and select markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin.