Artis Real Estate Investment Trust Unit (TSE:AX.UN) Director Buys C$52,390.00 in Stock

Artis Real Estate Investment Trust Unit (TSE:AX.UN) Director Mazhar H. (Mike) Shaikh acquired 2,600 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of C$20.15 per share, for a total transaction of C$52,390.00.

Artis Real Estate Investment Trust Unit Stock Performance

TSE AX.UN opened at C$7.55 on Thursday. The company has a market cap of C$788.98 million, a PE ratio of -3.40 and a beta of 1.18. The stock’s 50 day simple moving average is C$6.77 and its 200-day simple moving average is C$6.48. Artis Real Estate Investment Trust Unit has a 1-year low of C$5.51 and a 1-year high of C$7.61. The company has a debt-to-equity ratio of 104.62, a current ratio of 0.78 and a quick ratio of 0.07.

Analysts Set New Price Targets

Separately, TD Securities raised their price objective on Artis Real Estate Investment Trust Unit from C$6.50 to C$7.00 and gave the company a “hold” rating in a report on Wednesday, September 4th.

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.