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 increased by TD Securities from C$7.00 to C$7.50 in a research report report published on Monday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Separately, Scotiabank lifted their price target on 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 Down 0.9 %

TSE:AX.UN opened at C$7.77 on Monday. The company has a market capitalization of C$807.30 million, a price-to-earnings ratio of -3.50 and a beta of 1.20. Artis Real Estate Investment Trust Unit has a one year low of C$5.51 and a one year high of C$8.38. The stock has a 50-day simple moving average of C$7.92 and a 200 day simple moving average of C$7.02. The company has a debt-to-equity ratio of 104.62, a quick ratio of 0.07 and a current ratio of 0.78.

Insiders Place Their Bets

In related news, Director Mazhar H. (Mike) Shaikh purchased 2,600 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were bought at an average price of C$20.15 per share, with a total value of C$52,390.00. Also, Director Salim Manji purchased 6,000 shares of the company’s stock in a transaction on Friday, September 27th. The stock was bought at an average cost of C$7.93 per share, for a total transaction of C$47,565.00. Insiders have acquired 13,600 shares of company stock valued at $139,705 over the last quarter. 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.