Insider Buying: Artis Real Estate Investment Trust Unit (TSE:AX.UN) Director Buys 6,000 Shares of Stock

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

Artis Real Estate Investment Trust Unit Trading Down 1.3 %

Shares of AX.UN stock opened at C$7.90 on Monday. The stock has a market capitalization of C$820.81 million, a PE ratio of -3.56 and a beta of 1.18. Artis Real Estate Investment Trust Unit has a 1-year low of C$5.51 and a 1-year high of C$8.05. The business has a 50-day moving average of C$7.05 and a 200 day moving average of C$6.61. The company has a debt-to-equity ratio of 104.62, a current ratio of 0.78 and a quick ratio of 0.07.

Wall Street Analysts Forecast Growth

Separately, TD Securities increased 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.

Artis Real Estate Investment Trust Unit Company Profile

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.