Mazhar H. (Mike) Shaikh Purchases 3,200 Shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN) Stock

Artis Real Estate Investment Trust Unit (TSE:AX.UN) Director Mazhar H. (Mike) Shaikh purchased 3,200 shares of the stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average cost of C$20.90 per share, with a total value of C$66,880.00.

Mazhar H. (Mike) Shaikh also recently made the following trade(s):

• On Thursday, September 5th, Mazhar H. (Mike) Shaikh acquired 2,600 shares of Artis Real Estate Investment Trust Unit stock. The stock was acquired at an average cost of C$20.15 per share, with a total value of C$52,390.00.

Artis Real Estate Investment Trust Unit Stock Up 1.3 %

AX.UN traded up C$0.10 during trading on Thursday, hitting C$7.78. The stock had a trading volume of 76,135 shares, compared to its average volume of 171,623. The stock has a 50 day simple moving average of C$7.94 and a two-hundred day simple moving average of C$7.07. The company has a debt-to-equity ratio of 104.62, a quick ratio of 0.07 and a current ratio of 0.78. Artis Real Estate Investment Trust Unit has a twelve month low of C$5.51 and a twelve month high of C$8.38. The company has a market capitalization of C$808.34 million, a PE ratio of -3.50 and a beta of 1.20.

Analysts Set New Price Targets

AX.UN has been the topic of a number of analyst reports. Scotiabank lifted their price target on Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 in a report on Thursday, November 14th. TD Securities lifted their target price on Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 and gave the company a “hold” rating in a research note on Monday, November 18th.

About Artis Real Estate Investment Trust Unit

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.