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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TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
