Artis Real Estate Investment Trust Unit (TSE:AX.UN) Shares Pass Below Two Hundred Day Moving Average - Here's Why

Artis Real Estate Investment Trust Unit (TSE:AX.UN - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.42 and traded as low as C$7.27. Artis Real Estate Investment Trust Unit shares last traded at C$7.33, with a volume of 88,805 shares.

Artis Real Estate Investment Trust Unit Trading Down 0.8%

The company has a debt-to-equity ratio of 104.62, a current ratio of 0.78 and a quick ratio of 0.07. The business's 50-day simple moving average is C$7.17 and its two-hundred day simple moving average is C$7.42. The stock has a market capitalization of C$755.35 million, a price-to-earnings ratio of -3.27 and a beta of 1.20.

Artis Real Estate Investment Trust Unit Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, June 13th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.60 annualized dividend and a yield of 8.25%. 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.