Artis Real Estate Investment Trust Unit (TSE:AX.UN) Price Target Raised to C$7.50

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

Separately, TD Securities upped their price target 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.

Artis Real Estate Investment Trust Unit Stock Performance

Shares of TSE AX.UN opened at C$7.84 on Thursday. Artis Real Estate Investment Trust Unit has a 12 month low of C$5.51 and a 12 month high of C$8.38. The company has a market cap of C$814.58 million, a P/E ratio of -3.53 and a beta of 1.20. The business’s 50 day moving average is C$7.88 and its two-hundred day moving average is C$7.00. The company has a quick ratio of 0.07, a current ratio of 0.78 and a debt-to-equity ratio of 104.62.

Insider Activity

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

Artis Real Estate Investment Trust Unit Company Profile

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.