Artis Real Estate Investment Trust Unit (TSE:AX.UN) Sets New 52-Week High at $21.03

Shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$21.03 and last traded at C$6.68, with a volume of 51240 shares. The stock had previously closed at C$6.76.

Wall Street Analysts Forecast Growth

Separately, Scotiabank raised 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 Down 2.2 %

The company has a market capitalization of C$701.06 million, a PE ratio of -2.23 and a beta of 1.09. The company has a debt-to-equity ratio of 112.94, a current ratio of 1.00 and a quick ratio of 0.07. The company’s fifty day moving average is C$6.55 and its 200-day moving average 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.