Artis Real Estate Investment Trust Unit (TSE:AX.UN) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Artis Real Estate Investment Trust Unit (TSE:AX.UN)’s share price 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 trading hands.

Analyst Ratings Changes

Several research firms have weighed in on AX.UN. Scotiabank boosted their price target on Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 in a research note on Thursday, November 14th. TD Securities upped their target price on Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 and gave the stock a “hold” rating in a research note on Monday, November 18th.

Artis Real Estate Investment Trust Unit Stock Down 2.2 %

The company has a quick ratio of 0.07, a current ratio of 0.78 and a debt-to-equity ratio of 104.62. The stock has a market cap of C$750.16 million, a PE ratio of -3.25 and a beta of 1.20. The business has a 50 day moving average price of C$7.58 and a 200 day moving average price of C$7.25.

Insiders Place Their Bets

In other news, Director Mazhar H. (Mike) Shaikh bought 3,200 shares of Artis Real Estate Investment Trust Unit stock in a transaction on Wednesday, November 27th. The stock was 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 currently owned by company 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.