Artis Real Estate Investment Trust Unit (TSE:AX.UN) Hits New 1-Year High at $21.05

Artis Real Estate Investment Trust Unit (TSE:AX.UN)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as C$21.05 and last traded at C$7.85, with a volume of 96852 shares trading hands. The stock had previously closed at C$7.79.

Analyst Upgrades and Downgrades

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

Artis Real Estate Investment Trust Unit Stock Down 0.9 %

The firm has a 50-day moving average of C$6.93 and a two-hundred day moving average of C$6.54. The firm has a market capitalization of C$816.15 million, a PE ratio of -3.52 and a beta of 1.18. The company has a current ratio of 0.78, a quick ratio of 0.07 and a debt-to-equity ratio of 104.62.

Insider Buying and Selling at Artis Real Estate Investment Trust Unit

In other Artis Real Estate Investment Trust Unit news, Director Mazhar H. (Mike) Shaikh bought 2,600 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of C$20.15 per share, with a total value of C$52,390.00. 17.57% of the stock is currently owned by corporate insiders.

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.