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)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised their price target 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 report on Wednesday, September 4th.

Artis Real Estate Investment Trust Unit Trading Down 2.5 %

The stock has a market cap of C$811.46 million, a price-to-earnings ratio of -3.52 and a beta of 1.20. The business has a 50-day simple moving average of C$7.77 and a two-hundred day simple moving average of C$6.95. The company has a debt-to-equity ratio of 104.62, a quick ratio of 0.07 and a current ratio of 0.78.

Insider Transactions at Artis Real Estate Investment Trust Unit

In other news, Director Mazhar H. (Mike) Shaikh acquired 2,600 shares of the stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost of C$20.15 per share, for a total transaction of C$52,390.00. In related news, Director Salim Manji bought 6,000 shares of Artis Real Estate Investment Trust Unit stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average price of C$7.93 per share, with a total value of C$47,565.00. Also, Director Mazhar H. (Mike) Shaikh acquired 2,600 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were bought at an average price of C$20.15 per share, with a total value of C$52,390.00. Insiders have purchased a total of 13,600 shares of company stock worth $139,705 in the last 90 days. Corporate insiders own 17.67% of the company’s stock.

Artis Real Estate Investment Trust Unit Company Profile

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.