Artis Real Estate Investment Trust Unit (TSE:AX.UN) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Artis Real Estate Investment Trust Unit (TSE:AX.UN) shares 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.

Analyst Ratings Changes

Several equities analysts recently issued reports on AX.UN shares. Scotiabank boosted their price target on Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 in a research report on Thursday, November 14th. TD Securities boosted their price target 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 report on Monday, November 18th.

Artis Real Estate Investment Trust Unit Price Performance

The stock has a fifty day simple moving average of C$7.58 and a two-hundred day simple moving average of C$7.25. The company has a market cap of C$750.16 million, a PE ratio of -3.25 and a beta of 1.20. The company has a current ratio of 0.78, a quick ratio of 0.07 and a debt-to-equity ratio of 104.62.

Insider Buying and Selling at Artis Real Estate Investment Trust Unit

In other news, Director Mazhar H. (Mike) Shaikh purchased 3,200 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of C$20.90 per share, with a total value of C$66,880.00. 17.67% of the stock is owned by corporate 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.