Artis Real Estate Investment Trust Unit (TSE:AX.UN – Get Free Report)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.37 and traded as low as C$6.23. Artis Real Estate Investment Trust Unit shares last traded at C$6.27, with a volume of 166,756 shares traded.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Scotiabank decreased their price objective on Artis Real Estate Investment Trust Unit from C$7.50 to C$6.50 in a report on Monday, March 4th. TD Securities decreased their price objective on Artis Real Estate Investment Trust Unit from C$7.00 to C$6.50 and set a “hold” rating on the stock in a report on Monday, March 4th. Finally, Royal Bank of Canada decreased their price objective on Artis Real Estate Investment Trust Unit from C$7.50 to C$6.50 and set a “sector perform” rating on the stock in a report on Monday, March 4th.
Read Our Latest Analysis on Artis Real Estate Investment Trust Unit
Artis Real Estate Investment Trust Unit Stock Up 0.5 %
The business has a 50-day simple moving average of C$6.25 and a two-hundred day simple moving average of C$6.37. The stock has a market capitalization of C$676.85 million, a P/E ratio of -2.02 and a beta of 1.09. The company has a quick ratio of 0.07, a current ratio of 0.67 and a debt-to-equity ratio of 111.06.
Artis Real Estate Investment Trust Unit Increases Dividend
The business also recently declared a monthly dividend, which was paid on Monday, January 15th. Shareholders of record on Monday, January 15th were given a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 9.57%. This is a boost from Artis Real Estate Investment Trust Unit’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Thursday, December 28th. Artis Real Estate Investment Trust Unit’s dividend payout ratio is -19.35%.
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.
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SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Free Report)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$24.15 and traded as low as C$22.55. SmartCentres Real Estate Investment Trst shares last traded at C$22.72, with a volume of 369,022 shares traded.
Analyst Ratings Changes
Several brokerages have recently weighed in on SRU.UN. Royal Bank of Canada decreased their price objective on SmartCentres Real Estate Investment Trst from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. Scotiabank cut their target price on SmartCentres Real Estate Investment Trst from C$25.50 to C$25.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 21st. BMO Capital Markets raised their target price on SmartCentres Real Estate Investment Trst from C$24.00 to C$24.50 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Finally, National Bankshares raised their target price on SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the stock a “sector perform” rating in a research report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$27.00.
Check Out Our Latest Stock Report on SmartCentres Real Estate Investment Trst
SmartCentres Real Estate Investment Trst Trading Up 0.8 %
The company has a 50-day simple moving average of C$24.15 and a 200-day simple moving average of C$23.70. The company has a debt-to-equity ratio of 78.76, a quick ratio of 0.10 and a current ratio of 0.20. The stock has a market cap of C$3.29 billion, a P/E ratio of 9.35 and a beta of 1.24.
About SmartCentres Real Estate Investment Trst
SmartCentres is one of Canada’s largest real estate investment trusts with total assets of approximately $9.5 billion. It owns and manages 34 million square feet of retail space in value-oriented, principally Walmart-anchored retail centres, having the strongest national and regional retailers as well as strong neighbourhood merchants.
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