Artis Real Estate Investment Trust Unit (TSE:AX.UN) Given New C$7.50 Price Target at Scotiabank

Artis Real Estate Investment Trust Unit (TSE:AX.UN) had its price objective lifted by Scotiabank from C$7.00 to C$7.50 in a report published on Thursday morning,BayStreet.CA reports.

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

Artis Real Estate Investment Trust Unit Stock Performance

Shares of AX.UN traded down C$0.05 during mid-day trading on Thursday, hitting C$7.84. The stock had a trading volume of 64,858 shares, compared to its average volume of 171,920. Artis Real Estate Investment Trust Unit has a fifty-two week low of C$5.51 and a fifty-two week high of C$8.38. 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 market cap of C$814.58 million, a PE ratio of -3.55 and a beta of 1.20. The company’s fifty day simple moving average is C$7.84 and its two-hundred day simple moving average is C$6.98.

Insider Transactions at Artis Real Estate Investment Trust Unit

In other Artis Real Estate Investment Trust Unit news, Director Salim Manji purchased 6,000 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were purchased at an average price of C$7.93 per share, for a total transaction of C$47,565.00. Also, Director Mazhar H. (Mike) Shaikh acquired 2,600 shares of Artis Real Estate Investment Trust Unit stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost of C$20.15 per share, with a total value of C$52,390.00. In the last 90 days, insiders have bought 13,600 shares of company stock valued at $139,705. Corporate insiders own 17.67% of the company’s stock.

About Artis Real Estate Investment Trust Unit

Artis is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. Artis’s vision is to build a best-in-class asset management and investment platform focused on growing net asset value per unit and distributions for investors through value investing in real estate.