Artis Real Estate Investment Trust Unit (TSE:AX.UN – Get Rating) Director Salim Manji bought 10,000 shares of Artis Real Estate Investment Trust Unit stock in a transaction that occurred on Wednesday, June 29th. The shares were acquired at an average price of C$11.65 per share, for a total transaction of C$116,500.00. Following the acquisition, the director now directly owns 2,315,475 shares in the company, valued at approximately C$26,975,283.75.
Shares of AX.UN traded down C$0.02 during midday trading on Friday, hitting C$11.76. The company had a trading volume of 419,951 shares, compared to its average volume of 431,720. The company’s 50 day moving average price is C$12.50 and its 200 day moving average price is C$12.58. The stock has a market cap of C$1.37 billion and a price-to-earnings ratio of 2.76. Artis Real Estate Investment Trust Unit has a 52 week low of C$10.93 and a 52 week high of C$13.76. The company has a quick ratio of 0.05, a current ratio of 0.15 and a debt-to-equity ratio of 79.99.
AX.UN has been the topic of several recent research reports. National Bankshares lifted their target price on shares of Artis Real Estate Investment Trust Unit from C$12.25 to C$12.50 and gave the company a “sector perform” rating in a report on Monday, March 7th. Laurentian Bank of Canada lifted their price target on shares of Artis Real Estate Investment Trust Unit to C$15.00 and gave the stock a “buy” rating in a research note on Monday, March 7th. BMO Capital Markets lifted their price target on shares of Artis Real Estate Investment Trust Unit from C$13.00 to C$14.00 in a research note on Monday, March 7th. Laurentian lifted their price target on shares of Artis Real Estate Investment Trust Unit from C$13.50 to C$15.00 in a research note on Monday, March 7th. Finally, Scotiabank lifted their price target on shares of Artis Real Estate Investment Trust Unit from C$12.75 to C$13.50 in a research note on Tuesday, March 8th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$13.53.
About Artis Real Estate Investment Trust Unit (Get Rating)
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.
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