Artis Real Estate Investment Trust Unit (TSE:AX.UN) Sets New 12-Month High at $20.09

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

Wall Street Analyst Weigh In

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

Artis Real Estate Investment Trust Unit Stock Performance

The company has a market cap of C$716.97 million, a PE ratio of -2.28 and a beta of 1.09. The company has a current ratio of 1.00, a quick ratio of 0.07 and a debt-to-equity ratio of 112.94. The firm’s 50-day simple moving average is C$6.51 and its two-hundred day simple moving average is C$6.41.

About Artis Real Estate Investment Trust Unit

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.