Insider Buying: Artis Real Estate Investment Trust Unit (TSE:AX.UN) Director Purchases 2,500 Shares of Stock

Artis Real Estate Investment Trust Unit (TSE:AX.UN) Director Samir Aziz Manji purchased 2,500 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was bought at an average price of C$7.71 per share, with a total value of C$19,275.00.

Samir Aziz Manji also recently made the following trade(s):

• On Monday, September 16th, Samir Aziz Manji bought 2,500 shares of Artis Real Estate Investment Trust Unit stock. The shares were acquired at an average price of C$7.85 per share, with a total value of C$19,625.00.

Artis Real Estate Investment Trust Unit Trading Down 1.4 %

Artis Real Estate Investment Trust Unit stock opened at C$7.64 on Wednesday. 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. The company has a market capitalization of C$793.80 million, a price-to-earnings ratio of -3.44 and a beta of 1.20. The stock has a 50-day moving average price of C$7.94 and a 200 day moving average price of C$7.06.

Analysts Set New Price Targets

Several research firms have recently weighed in on AX.UN. TD Securities lifted their target price on Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 and gave the stock a “hold” rating in a research report on Monday, November 18th. Scotiabank lifted their target price on Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 in a research note on Thursday, November 14th.

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.