Artis Real Estate Investment Trust Unit (TSE:AX.UN) Hits New 52-Week High at $20.09

Artis Real Estate Investment Trust Unit (TSE:AX.UN)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$20.09 and last traded at C$6.76, with a volume of 41136 shares changing hands. The stock had previously closed at C$6.75.

Wall Street Analyst Weigh In

Separately, Scotiabank upped their target price on shares of Artis Real Estate Investment Trust Unit from C$6.50 to C$7.00 in a research note on Monday, May 6th.

Artis Real Estate Investment Trust Unit Trading Up 0.7 %

The company has a market cap of C$719.09 million, a price-to-earnings ratio of -2.28 and a beta of 1.09. The company has a debt-to-equity ratio of 112.94, a quick ratio of 0.07 and a current ratio of 1.00. The business’s 50 day moving average price is C$6.52 and its 200-day moving average price is C$6.42.

Artis Real Estate Investment Trust Unit Company Profile

Artis is a diversified Canadian real estate investment trust investing in office, retail and industrial properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and select markets in the United States.