Artis Real Estate Investment Trust Unit (TSE:AX.UN) Stock Passes Above 200 Day Moving Average – What’s Next?

Artis Real Estate Investment Trust Unit (TSE:AX.UN)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$6.94 and traded as high as C$8.14. Artis Real Estate Investment Trust Unit shares last traded at C$8.01, with a volume of 162,022 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities boosted their target price on Artis Real Estate Investment Trust Unit from C$6.50 to C$7.00 and gave the stock a “hold” rating in a research note on Wednesday, September 4th.

Artis Real Estate Investment Trust Unit Stock Down 2.5 %

The company has a market capitalization of C$811.46 million, a price-to-earnings ratio of -3.52 and a beta of 1.20. The company has a debt-to-equity ratio of 104.62, a current ratio of 0.78 and a quick ratio of 0.07. The firm’s fifty day moving average price is C$7.77 and its 200-day moving average price is C$6.95.

Insider Buying and Selling at Artis Real Estate Investment Trust Unit

In other Artis Real Estate Investment Trust Unit news, Director Mazhar H. (Mike) Shaikh bought 2,600 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of C$20.15 per share, for a total transaction of C$52,390.00. In related news, Director Mazhar H. (Mike) Shaikh purchased 2,600 shares of Artis Real Estate Investment Trust Unit stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of C$20.15 per share, for a total transaction of C$52,390.00. Also, Director Salim Manji acquired 6,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average cost of C$7.93 per share, for a total transaction of C$47,565.00. Over the last three months, insiders bought 13,600 shares of company stock worth $139,705. 17.67% of the stock is currently owned by insiders.

About Artis Real Estate Investment Trust Unit

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.