Artis Real Estate Investment Trust Unit (TSE:AX.UN) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

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

Analyst Ratings Changes

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

Artis Real Estate Investment Trust Unit Stock Up 1.0 %

The company has a market cap of C$832.24 million, a PE ratio of -3.61 and a beta of 1.20. The stock has a 50-day moving average of C$7.75 and a 200-day moving average of C$6.94. The company has a quick ratio of 0.07, a current ratio of 0.78 and a debt-to-equity ratio of 104.62.

Insider Buying and Selling at Artis Real Estate Investment Trust Unit

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