Posted by Defense World Staff on May 22nd, 2024
Artis Real Estate Investment Trust Unit (TSE:AX.UN – Get Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.38 and traded as high as C$6.53. Artis Real Estate Investment Trust Unit shares last traded at C$6.50, with a volume of 63,365 shares.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Artis Real Estate Investment Trust Unit from C$7.50 to C$6.50 and set a “sector perform” rating for the company in a research note on Monday, March 4th. Scotiabank lifted their price target on shares of Artis Real Estate Investment Trust Unit from C$6.50 to C$7.00 in a research note on Monday, May 6th. Finally, TD Securities decreased their price target on shares of Artis Real Estate Investment Trust Unit from C$7.00 to C$6.50 and set a “hold” rating for the company in a research note on Monday, March 4th.
Read Our Latest Research Report on Artis Real Estate Investment Trust Unit
Artis Real Estate Investment Trust Unit Trading Up 0.3 %
The company has a quick ratio of 0.07, a current ratio of 1.00 and a debt-to-equity ratio of 112.94. The business’s fifty day simple moving average is C$6.39 and its two-hundred day simple moving average is C$6.38. The company has a market cap of C$689.39 million, a price-to-earnings ratio of -2.18 and a beta of 1.09.
About Artis Real Estate Investment Trust Unit
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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