Artis Real Estate Investment Trust Unit (TSE:AX.UN) Sets New 12-Month High – Time to Buy?

Artis Real Estate Investment Trust Unit (TSE:AX.UN) reached a new 52-week high during trading on Monday . The company traded as high as C$8.46 and last traded at C$8.46, with a volume of 47108 shares traded. The stock had previously closed at C$8.35.

Wall Street Analyst Weigh In

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

Artis Real Estate Investment Trust Unit Stock Down 1.5%

The firm has a fifty day simple moving average of C$6.92 and a 200-day simple moving average of C$7.06. The company has a market capitalization of C$771.57 million, a PE ratio of -9.24 and a beta of 0.60. The company has a debt-to-equity ratio of 104.62, a quick ratio of 0.07 and a current ratio of 0.78.

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.