Artis Real Estate Investment Trust Unit (TSE:AX.UN) Cut to “Underperform” at Scotiabank

Scotiabank lowered shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN) from a sector perform rating to an underperform rating in a research report report published on Tuesday morning,BayStreet.CA reports. They currently have C$7.50 price objective on the stock.

Artis Real Estate Investment Trust Unit Stock Down 0.1%

TSE AX.UN opened at C$7.04 on Tuesday. The company has a debt-to-equity ratio of 104.62, a current ratio of 0.78 and a quick ratio of 0.07. The company’s 50 day simple moving average is C$7.38 and its 200 day simple moving average is C$7.38. Artis Real Estate Investment Trust Unit has a 12 month low of C$6.27 and a 12 month high of C$8.38. The company has a market capitalization of C$681.00 million, a P/E ratio of -11.00 and a beta of 0.77.

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.