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 stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. TD Securities upped their price objective on shares of Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 and gave the company a “hold” rating in a research note on Monday, November 18th. Scotiabank upped their price objective on shares of Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 in a research note on Thursday, November 14th.

Artis Real Estate Investment Trust Unit Stock Performance

The stock has a market capitalization of C$750.16 million, a P/E ratio of -3.25 and a beta of 1.20. 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 business has a fifty day moving average price of C$7.58 and a 200-day moving average price of C$7.25.

Insider Buying and Selling at Artis Real Estate Investment Trust Unit

In related news, Director Mazhar H. (Mike) Shaikh purchased 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, for a total transaction of C$66,880.00. 17.67% of the stock is owned by corporate insiders.

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.