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

Artis Real Estate Investment Trust Unit (TSE:AX.UN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.51 and traded as high as C$7.77. Artis Real Estate Investment Trust Unit shares last traded at C$7.73, with a volume of 122,097 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AX.UN shares. Scotiabank increased their target price on shares of Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 in a research report on Thursday, November 14th. TD Securities increased their price target on shares of Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 and gave the stock a “hold” rating in a research note on Monday, November 18th.

Artis Real Estate Investment Trust Unit Stock Performance

The stock has a market cap of C$803.15 million, a price-to-earnings ratio of -3.48 and a beta of 1.20. The stock’s 50 day moving average is C$7.50 and its two-hundred day moving average is C$7.51. The company has a current ratio of 0.78, a quick ratio of 0.07 and a debt-to-equity ratio of 104.62.

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.