Artis Real Estate Investment Trust Unit (TSE:AX.UN) Director Salim Manji Purchases 6,000 Shares

Artis Real Estate Investment Trust Unit (TSE:AX.UN) Director Salim Manji acquired 6,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were acquired 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

TSE AX.UN traded down C$0.10 during mid-day trading on Friday, hitting C$7.90. The stock had a trading volume of 229,539 shares, compared to its average volume of 174,556. The company has a 50 day simple moving average of C$7.02 and a 200 day simple moving average of C$6.59. The company has a market cap of C$820.81 million, a price-to-earnings ratio of -3.60 and a beta of 1.18. Artis Real Estate Investment Trust Unit has a 52-week low of C$5.51 and a 52-week high of C$8.05. The company has a quick ratio of 0.07, a current ratio of 0.78 and a debt-to-equity ratio of 104.62.

Analyst Ratings Changes

Separately, TD Securities upped 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 research note on Wednesday, September 4th.

About Artis Real Estate Investment Trust Unit

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.