Insider Buying: Artis Real Estate Investment Trust Unit (TSE:AX.UN) Director Buys C$47,565.00 in Stock

Artis Real Estate Investment Trust Unit (TSE:AX.UN) Director Salim Manji acquired 6,000 shares of the business’s stock in a transaction on Friday, September 27th. The stock was acquired at an average cost of C$7.93 per share, for a total transaction of C$47,565.00.

Artis Real Estate Investment Trust Unit Stock Down 1.3 %

Shares of TSE AX.UN opened at C$7.90 on Monday. Artis Real Estate Investment Trust Unit has a one year low of C$5.51 and a one year high of C$8.05. 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 business’s fifty day moving average price is C$7.05 and its 200-day moving average price is C$6.61. The stock has a market capitalization of C$820.81 million, a PE ratio of -3.56 and a beta of 1.18.

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 company a “hold” rating in a research report on Wednesday, September 4th.

About Artis Real Estate Investment Trust Unit

Artis is a diversified Canadian real estate investment trust investing in office, retail and industrial properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and select markets in the United States.