Artis Real Estate Investment Trust Unit (TSE:AX.UN) Sets New 12-Month High – Should You Buy?

Artis Real Estate Investment Trust Unit (TSE:AX.UN)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$8.63 and last traded at C$8.62, with a volume of 215922 shares trading hands. The stock had previously closed at C$8.16.

Wall Street Analyst Weigh In

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

Artis Real Estate Investment Trust Unit Stock Up 6.4%

The firm has a 50-day moving average price of C$7.31 and a two-hundred day moving average price of C$7.09. The firm has a market cap of C$832.98 million, a price-to-earnings ratio of -9.98 and a beta of 0.67. The company has a debt-to-equity ratio of 104.62, a quick ratio of 0.07 and a current ratio of 0.78.

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.