Artis Real Estate Investment Trust Unit (TSE:AX.UN) Sets New 1-Year High at $7.71

Artis Real Estate Investment Trust Unit (TSE:AX.UN) reached a new 52-week high during trading on Thursday . The company traded as high as C$7.71 and last traded at C$7.67, with a volume of 84077 shares traded. The stock had previously closed at C$7.55.

Analyst Ratings Changes

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

Artis Real Estate Investment Trust Unit Stock Performance

The business has a fifty day simple moving average of C$6.82 and a 200-day simple moving average of C$6.50. The firm has a market cap of C$837.05 million, a price-to-earnings ratio of -3.57 and a beta of 1.18. The company has a debt-to-equity ratio of 104.62, a quick ratio of 0.07 and a current ratio of 0.78.

Insider Buying and Selling at Artis Real Estate Investment Trust Unit

In other news, Director Mazhar H. (Mike) Shaikh purchased 2,600 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of C$20.15 per share, with a total value of C$52,390.00. Insiders own 17.57% of the company’s stock.

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.