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

Posted by Tristan Rich on Jan 3rd, 2025

Artis Real Estate Investment Trust Unit (TSE:AX.UN – Get Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.21 and traded as high as C$7.39. Artis Real Estate Investment Trust Unit shares last traded at C$7.36, with a volume of 114,518 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Scotiabank upped their target price on Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 in a report on Thursday, November 14th. TD Securities raised their target price on Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 and gave the company a “hold” rating in a research report on Monday, November 18th.

View Our Latest Research Report on AX.UN

Artis Real Estate Investment Trust Unit Stock Performance

The company has a 50-day moving average price of C$7.65 and a two-hundred day moving average price of C$7.22. The stock has a market capitalization of C$776.13 million, a P/E ratio of -3.36 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.

Insider Transactions at Artis Real Estate Investment Trust Unit

In other news, Director Mazhar H. (Mike) Shaikh bought 3,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average cost of C$20.90 per share, with a total value of C$66,880.00. In the last ninety days, insiders purchased 8,200 shares of company stock valued at $106,280. Insiders own 17.67% of the company’s stock.

About Artis Real Estate Investment Trust Unit

(Get Free Report)

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.