Artis Real Estate Investment Trust Unit (TSE:AX.UN) Stock Passes Above 200-Day Moving Average of $12.08
Artis Real Estate Investment Trust Unit (TSE:AX.UN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.08 and traded as high as $12.30. Artis Real Estate Investment Trust Unit shares last traded at $12.30, with a volume of 185,481 shares traded.
Several equities analysts have recently commented on the company. CIBC upped their target price on Artis Real Estate Investment Trust Unit from C$12.50 to C$13.00 in a research report on Tuesday, November 5th. Raymond James set a C$13.00 target price on Artis Real Estate Investment Trust Unit and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$13.06.
The stock’s 50-day moving average price is C$11.94 and its 200-day moving average price is C$12.08. The company has a market cap of $1.70 billion and a P/E ratio of 23.79. The company has a debt-to-equity ratio of 112.91, a current ratio of 0.55 and a quick ratio of 0.10.
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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