Artis Real Estate Investment Trust Unit (TSE:AX.UN) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.08 and traded as low as $7.94. Artis Real Estate Investment Trust Unit shares last traded at $8.01, with a volume of 296,839 shares trading hands.
Several analysts recently weighed in on the company. National Bank Financial lifted their price objective on Artis Real Estate Investment Trust Unit from C$8.75 to C$9.50 and gave the company a “sector perform” rating in a report on Tuesday, August 11th. Canaccord Genuity lifted their price objective on Artis Real Estate Investment Trust Unit from C$9.75 to C$10.25 in a report on Wednesday, September 9th. Finally, TD Securities lifted their price objective on Artis Real Estate Investment Trust Unit from C$11.50 to C$12.00 and gave the company a “buy” rating in a report on Monday, August 10th.
The firm has a market capitalization of $1.09 billion and a P/E ratio of -890.00. The company has a debt-to-equity ratio of 111.45, a current ratio of 0.18 and a quick ratio of 0.05. The stock’s fifty day simple moving average is C$8.65 and its 200 day simple moving average is C$8.08.
In other news, Director Bruce William James Jack bought 5,000 shares of Artis Real Estate Investment Trust Unit stock in a transaction on Wednesday, September 9th. The stock was acquired at an average cost of C$9.16 per share, for a total transaction of C$45,800.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately C$91,600.
About Artis Real Estate Investment Trust Unit (TSE:AX.UN)
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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