Salim Manji Buys 2,500 Shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN) Stock

Artis Real Estate Investment Trust Unit (TSE:AX.UN) Director Salim Manji acquired 2,500 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were purchased at an average cost of C$8.05 per share, for a total transaction of C$20,125.00.

Salim Manji also recently made the following trade(s):

• On Friday, September 27th, Salim Manji purchased 6,000 shares of Artis Real Estate Investment Trust Unit stock. The stock was bought 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 Price Performance

Shares of AX.UN traded up C$0.15 during midday trading on Friday, hitting C$8.22. 167,969 shares of the company traded hands, compared to its average volume of 174,687. The stock has a 50-day moving average of C$7.26 and a 200-day moving average of C$6.72. Artis Real Estate Investment Trust Unit has a one year low of C$5.51 and a one year high of C$8.22. The firm has a market cap of C$854.06 million, a P/E ratio of -3.69 and a beta of 1.20. The company has a debt-to-equity ratio of 104.62, a current ratio of 0.78 and a quick ratio of 0.07.

Analyst Ratings Changes

Separately, TD Securities boosted their price target on shares of Artis Real Estate Investment Trust Unit from C$6.50 to C$7.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th.

Artis Real Estate Investment Trust Unit Company Profile

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.