Shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN – Get Rating) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$8.32 and trades as low as C$7.20. Artis Real Estate Investment Trust Unit shares last traded at C$7.25, with a volume of 452,415 shares traded.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on AX.UN. National Bankshares lowered their price target on Artis Real Estate Investment Trust Unit from C$8.00 to C$7.75 and set a “sector performing” rating on the stock in a report on Tuesday, May 16th. TD Securities lowered their price target on Artis Real Estate Investment Trust Unit from C$9.00 to C$7.50 and set a “hold” rating for the company in a research report on Tuesday, May 16th. Royal Bank of Canada lowered their price objective on shares of Artis Real Estate Investment Trust Unit from C$9.00 to C$8.00 and set a “sector performing” rating for the company in a research report on Tuesday, May 16th. Finally, Scotiabank lowered their target price on Artis Real Estate Investment Trust Unit from C$10.50 to C$9.00 in a research note on Friday, May 19th.
Artis Real Estate Investment Trust Unit Trading Up 0.3 %
The business has a fifty day moving average of C$7.11 and a 200-day moving average of C$8.32. The stock has a market capitalization of C$818.89 million, a price-to-earnings ratio of -3.13 and a beta of 1.14. The company has a debt-to-equity ratio of 101.31, a current ratio of 0.47 and a quick ratio of 0.07.
About Artis Real Estate Investment Trust Unit
(Get Rating)
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.