Shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN – Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as C$21.05 and last traded at C$7.85, with a volume of 96852 shares changing hands. The stock had previously closed at C$7.79.
Analyst Upgrades and Downgrades
Separately, TD Securities lifted their price objective on shares of 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.
Read Our Latest Analysis on Artis Real Estate Investment Trust Unit
Artis Real Estate Investment Trust Unit Price Performance
Insiders Place Their Bets
In other news, Director Mazhar H. (Mike) Shaikh bought 2,600 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of C$20.15 per share, for a total transaction of C$52,390.00. Company insiders own 17.57% of the company’s stock.
Artis Real Estate Investment Trust Unit Company Profile
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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