Artis Real Estate Investment Trust Unit (TSE:AX.UN) Sets New 52-Week High – Here’s What Happened

Artis Real Estate Investment Trust Unit (TSE:AX.UN) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$22.08 and last traded at C$8.17, with a volume of 81564 shares. The stock had previously closed at C$8.25.

Wall Street Analysts Forecast Growth

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 stock a “hold” rating in a research note on Wednesday, September 4th.

Artis Real Estate Investment Trust Unit Trading Down 0.5 %

The firm’s 50-day simple moving average is C$7.47 and its 200 day simple moving average is C$6.81. The firm has a market cap of C$844.71 million, a P/E ratio of -3.66 and a beta of 1.20. 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 at Artis Real Estate Investment Trust Unit

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

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.