Artis Real Estate Investment Trust Unit (TSE:AX.UN) Stock Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• Artis Real Estate Investment Trust Unit's stock price fell below its 200-day moving average, trading as low as C$7.13 before settling at C$7.18 with a volume of 83,742 shares.
• The company recently declared a monthly dividend of $0.05 per share, reflecting an annualized yield of 8.4% despite a negative payout ratio of -27.03%.
• Artis Real Estate Investment Trust has a market capitalization of C$746 million and shows low liquidity metrics with a current ratio of 0.78 and a quick ratio of 0.07.

Artis Real Estate Investment Trust Unit (TSE:AX.UN - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.44 and traded as low as C$7.13. Artis Real Estate Investment Trust Unit shares last traded at C$7.18, with a volume of 83,742 shares changing hands.

Artis Real Estate Investment Trust Unit Stock Performance

The company has a market cap of C$752.24 million, a PE ratio of -3.26 and a beta of 1.20. The company has a quick ratio of 0.07, a current ratio of 0.78 and a debt-to-equity ratio of 104.62. The company has a 50-day moving average of C$7.48 and a 200-day moving average of C$7.43.

Artis Real Estate Investment Trust Unit Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, June 13th. Investors of record on Friday, June 13th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a c) annualized dividend and a dividend yield of 8.3%. Artis Real Estate Investment Trust Unit's payout ratio is presently -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.