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 lifted by equities researchers at TD Securities from C$7.00 to C$7.50 in a research note issued on Monday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential downside of 4.34% from the stock’s current price.

Separately, Scotiabank boosted their price objective 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 Performance

Shares of AX.UN opened at C$7.84 on Monday. Artis Real Estate Investment Trust Unit has a 1 year low of C$5.51 and a 1 year high of C$8.38. The company has a debt-to-equity ratio of 104.62, a current ratio of 0.78 and a quick ratio of 0.07. The stock’s fifty day moving average price is C$7.90 and its two-hundred day moving average price is C$7.02. The firm has a market cap of C$814.58 million, a PE ratio of -3.53 and a beta of 1.20.

Insider Buying and Selling at Artis Real Estate Investment Trust Unit

In other Artis Real Estate Investment Trust Unit news, Director Salim Manji purchased 6,000 shares of the stock in a transaction on Friday, September 27th. The shares were purchased at an average price of C$7.93 per share, with a total value of C$47,565.00. Also, Director Mazhar H. (Mike) Shaikh bought 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. Insiders have acquired 13,600 shares of company stock valued at $139,705 in the last 90 days. 17.67% of the stock is currently owned by company 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.