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

Artis Real Estate Investment Trust Unit (TSE:AX.UN) Director Mazhar H. (Mike) Shaikh purchased 3,200 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was bought at an average cost of C$20.90 per share, for a total transaction 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 bought at an average price of C$20.15 per share, with a total value of C$52,390.00.

Artis Real Estate Investment Trust Unit Stock Performance

The business’s 50 day simple moving average is C$7.94 and its two-hundred day simple moving average is C$7.08. The company has a debt-to-equity ratio of 104.62, a current ratio of 0.78 and a quick ratio of 0.07. The firm has a market cap of C$808.34 million, a P/E ratio of -3.50 and a beta of 1.20. Artis Real Estate Investment Trust Unit has a 12 month low of C$5.51 and a 12 month high of C$8.38.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AX.UN. TD Securities raised their target price on Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 and gave the stock a “hold” rating in a report on Monday, November 18th. Scotiabank boosted their price objective on shares of Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 in a report on Thursday, November 14th.

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.