Artis Real Estate Investment Trust Unit (TSE:AX.UN) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Artis Real Estate Investment Trust Unit (TSE:AX.UN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analyst Ratings Changes

Several equities research analysts recently weighed in 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 stock a “hold” rating in a research report on Monday, November 18th. Scotiabank upped their price target on shares of Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 in a report on Thursday, November 14th.

Artis Real Estate Investment Trust Unit Stock Performance

The company has a current ratio of 0.78, a quick ratio of 0.07 and a debt-to-equity ratio of 104.62. The company has a market cap of C$766.78 million, a P/E ratio of -3.32 and a beta of 1.20. The company has a 50 day moving average price of C$7.60 and a 200-day moving average price of C$7.25.

Insider Buying and Selling at Artis Real Estate Investment Trust Unit

In other news, Director Mazhar H. (Mike) Shaikh acquired 3,200 shares of Artis Real Estate Investment Trust Unit stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average price of C$20.90 per share, for a total transaction of C$66,880.00. Company insiders own 17.67% of the company’s stock.

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. 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.