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

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

Separately, TD Securities boosted their price objective on 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.

Artis Real Estate Investment Trust Unit Trading Down 0.6 %

Shares of TSE AX.UN opened at C$7.84 on Thursday. The stock has a market capitalization of C$814.58 million, a P/E ratio of -3.53 and a beta of 1.20. The stock’s 50 day moving average price is C$7.88 and its two-hundred day moving average price 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. Artis Real Estate Investment Trust Unit has a 52-week low of C$5.51 and a 52-week high of C$8.38.

Insiders Place Their Bets

In other news, Director Mazhar H. (Mike) Shaikh acquired 2,600 shares of the 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. Also, Director Salim Manji purchased 6,000 shares of the stock in a transaction dated Friday, September 27th. The shares were acquired at an average price of C$7.93 per share, for a total transaction of C$47,565.00. Over the last three months, insiders have acquired 13,600 shares of company stock worth $139,705. 17.67% of the stock is owned by corporate insiders.

About Artis Real Estate Investment Trust Unit

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.