Artis Real Estate Investment Trust Unit (TSE:AX.UN) Hits New 52-Week High – Here’s What Happened

Artis Real Estate Investment Trust Unit (TSE:AX.UN) shares reached a new 52-week high on Wednesday . The stock traded as high as C$8.02 and last traded at C$7.97, with a volume of 173826 shares. The stock had previously closed at C$7.85.

Analyst Ratings Changes

Separately, Scotiabank cut shares of Artis Real Estate Investment Trust Unit from a “sector perform” rating to an “underperform” rating and set a C$7.50 price objective on the stock. in a report on Tuesday, September 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell” and an average price target of C$7.50.

Artis Real Estate Investment Trust Unit Stock Up 0.4%

The company has a debt-to-equity ratio of 104.62, a quick ratio of 0.07 and a current ratio of 0.78. The business’s 50 day moving average is C$6.61 and its 200-day moving average is C$7.02. The firm has a market capitalization of C$768.69 million, a price-to-earnings ratio of -9.21 and a beta of 0.60.

About Artis Real Estate Investment Trust Unit

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT’s portfolio comprises properties located in Central and Western Canada and select markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into three categories: office, retail, and industrial. The industrial properties account for most of the portfolio, followed by the office properties and the retail properties.