Director of Artis Real Estate Investment Trust Unit (TSE:AX.UN) buys C$116,500.00 of shares


Artis Real Estate Investment Trust Unit (TSE:AX.UNGet an assessment) Director Salim Manji purchased 10,000 shares of the company in a trade on Wednesday, June 29. The stock was purchased at an average price of CA$11.65 per share, for a total transaction of CA$116,500.00. Following the completion of the purchase, the director now directly owns 2,315,475 shares of the company, valued at C$26,975,283.75.

Shares of Shares of Artis Real Estate Investment Trust opened at CA$11.76 on Monday. Artis Real Estate Investment Trust Unit has a 1-year minimum of CA$10.93 and a 1-year maximum of CA$13.76. The company has a market capitalization of C$1.37 billion and a PE ratio of 2.76. The company has a debt ratio of 79.99, a current ratio of 0.15 and a quick ratio of 0.05. The company has a 50-day moving average of C$12.50 and a 200-day moving average of C$12.58.

A number of research analysts have commented on AX.UN’s stock. National Bankshares raised its price target on shares of Artis Real Estate Investment Trust Unit from C$12.25 to C$12.50 and gave the company an “industry performance” rating in a research note Monday, March 7. CIBC raised its price target on the Artis Real Estate Investment Trust unit from C$12.50 to C$13.50 and gave the stock a “neutral” rating in a Monday research report 7 march. Scotiabank raised its price target on shares of Artis Real Estate Investment Trust Unit from C$12.75 to C$13.50 in a Tuesday, March 8 research report. Laurentian raised its price target on shares of Artis Real Estate Investment Trust Unit from C$13.50 to C$15.00 in a Monday, March 7 report. Finally, BMO Capital Markets raised its price target on shares of Artis Real Estate Investment Trust Unit from C$13.00 to C$14.00 in a Monday, March 7 research note. Four equity research analysts gave the stock a hold rating and one gave the company a buy rating. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of CA$13.53.

About the Artis Real Estate Investment Trust Unit (Get an assessment)

Artis is a diversified Canadian real estate investment trust that invests in office, commercial and industrial properties. Since 2004, Artis has implemented an aggressive yet 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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