Artis Real Estate Investment Trust Unit (TSE:AX.UN) Reaches New 52-Week Low – Here’s What Happened

Shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN) reached a new 52-week low on Tuesday . The company traded as low as C$5.88 and last traded at C$5.89, with a volume of 214604 shares. The stock had previously closed at C$6.00.

Analyst Ratings Changes

Separately, Scotiabank downgraded Artis Real Estate Investment Trust Unit from a “sector perform” rating to an “underperform” rating and set a C$7.50 target price on the stock. in a research report on Tuesday, September 16th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of C$7.50.

Artis Real Estate Investment Trust Unit Stock Up 0.3%

The company has a quick ratio of 0.07, a current ratio of 0.78 and a debt-to-equity ratio of 104.62. The business has a fifty day simple moving average of C$6.57 and a two-hundred day simple moving average of C$7.10. The company has a market capitalization of C$577.72 million, a price-to-earnings ratio of -9.41 and a beta of 0.51.

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.