Artis Real Estate Investment Trust Unit (TSE:AX.UN) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$7.47 and traded as low as C$7.20. Artis Real Estate Investment Trust Unit shares last traded at C$7.21, with a volume of 104,339 shares changing hands.

Artis Real Estate Investment Trust Unit Stock Performance

The company has a market capitalization of C$749.12 million, a P/E ratio of -3.25 and a beta of 1.20. The firm has a 50 day moving average price of C$7.29 and a two-hundred day moving average price of C$7.47. The company has a debt-to-equity ratio of 104.62, a quick ratio of 0.07 and a current ratio of 0.78.

Artis Real Estate Investment Trust Unit Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, June 13th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.60 annualized dividend and a dividend yield of 8.32%. Artis Real Estate Investment Trust Unit’s dividend payout ratio is currently -27.03%.

Artis Real Estate Investment Trust Unit Company Profile

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.