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 upped by TD Securities from C$7.00 to C$7.50 in a research note issued to investors on Monday,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Separately, Scotiabank lifted their price objective on shares of Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 in a research note on Thursday, November 14th.

Artis Real Estate Investment Trust Unit Stock Performance

TSE AX.UN opened at C$7.77 on Monday. 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 fifty day simple moving average of C$7.92 and a two-hundred day simple moving average of C$7.02. The company has a current ratio of 0.78, a quick ratio of 0.07 and a debt-to-equity ratio of 104.62. The stock has a market cap of C$807.30 million, a P/E ratio of -3.51 and a beta of 1.20.

Insider Activity at Artis Real Estate Investment Trust Unit

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

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.