Salim Manji Acquires 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 Artis Real Estate Investment Trust Unit stock in a transaction dated Thursday, October 10th. The stock was 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 acquired 6,000 shares of Artis Real Estate Investment Trust Unit stock. The shares were acquired 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 Up 1.9 %

Shares of AX.UN opened at C$8.22 on Friday. The firm’s 50 day simple moving average is C$7.29 and its 200 day simple moving average is C$6.73. The company has a market capitalization of C$854.06 million, a P/E ratio of -3.70 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. Artis Real Estate Investment Trust Unit has a 1-year low of C$5.51 and a 1-year high of C$8.22.

Analyst Ratings Changes

Separately, TD Securities increased their target price on shares of Artis Real Estate Investment Trust Unit from C$6.50 to C$7.00 and gave the company 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.