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Artis Real Estate Investment Trust Unit (TSE:AX.UN) Shares Pass Above 200 Day Moving Average - Here's What Happened


Artis Real Estate Investment Trust Unit (TSE:AX.UN) Shares Pass Above 200 Day Moving Average   - Here's What Happened

Artis Real Estate Investment Trust Unit (TSE:AX.UN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.25 and traded as high as C$7.50. Artis Real Estate Investment Trust Unit shares last traded at C$7.38, with a volume of 85,010 shares traded.

Several research firms have commented on AX.UN. TD Securities boosted their target price on Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 and gave the company a "hold" rating in a research note on Monday, November 18th. Scotiabank increased their target price on shares of Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 in a report on Thursday, November 14th.

Get Our Latest Analysis on Artis Real Estate Investment Trust Unit

The stock has a market capitalization of C$766.78 million, a P/E ratio of -3.32 and a beta of 1.20. The stock has a 50 day simple moving average of C$7.60 and a two-hundred day simple moving average of C$7.25. The company has a quick ratio of 0.07, a current ratio of 0.78 and a debt-to-equity ratio of 104.62.

In related news, Director Mazhar H. (Mike) Shaikh acquired 3,200 shares of the business's stock in a transaction on Wednesday, November 27th. The stock was purchased at an average cost of C$20.90 per share, for a total transaction of C$66,880.00. Insiders own 17.67% of the company's stock.

Artis is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. Artis's vision is to build a best-in-class asset management and investment platform focused on growing net asset value per unit and distributions for investors through value investing in real estate.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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