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

Artis Real Estate Investment Trust Unit (TSE:AX.UN) Director Mazhar H. (Mike) Shaikh bought 3,200 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average price 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 bought 2,600 shares of Artis Real Estate Investment Trust Unit stock. The shares were purchased 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 opened at C$7.78 on Friday. Artis Real Estate Investment Trust Unit has a 1-year low of C$5.51 and a 1-year high of C$8.38. The company has a current ratio of 0.78, a quick ratio of 0.07 and a debt-to-equity ratio of 104.62. The stock has a market capitalization of C$808.34 million, a price-to-earnings ratio of -3.50 and a beta of 1.20. The business has a 50 day moving average of C$7.94 and a 200-day moving average of C$7.08.

Analysts Set New Price Targets

A number of research firms have recently commented on AX.UN. Scotiabank lifted their price objective on Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 in a research note on Thursday, November 14th. TD Securities upped their price target 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.

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.