Salim Manji Acquires 6,000 Shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN) Stock

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

Artis Real Estate Investment Trust Unit Trading Down 0.6 %

AX.UN opened at C$7.90 on Friday. The stock has a market capitalization of C$820.81 million, a P/E ratio of -3.56 and a beta of 1.18. The company has a current ratio of 0.78, a quick ratio of 0.07 and a debt-to-equity ratio of 104.62. Artis Real Estate Investment Trust Unit has a 12 month low of C$5.51 and a 12 month high of C$8.05. The firm’s fifty day simple moving average is C$7.05 and its 200 day simple moving average is C$6.60.

Wall Street Analyst Weigh In

Separately, TD Securities boosted their price objective 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.