Artis Real Estate Investment Trust Unit (TSE:AX.UN) Stock Price Expected to Rise, TD Securities Analyst Says

Artis Real Estate Investment Trust Unit (TSE:AX.UN) had its target price lifted by TD Securities from C$7.00 to C$7.50 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price points to a potential downside of 4.34% from the stock’s previous close.

Separately, Scotiabank raised their price target 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 Trading Down 0.1 %

Shares of TSE AX.UN opened at C$7.84 on Monday. The firm has a 50 day moving average price of C$7.90 and a two-hundred day moving average price of C$7.02. The stock has a market cap of C$814.58 million, a P/E ratio of -3.53 and a beta of 1.20. Artis Real Estate Investment Trust Unit has a 52-week low of C$5.51 and a 52-week high of C$8.38. The company has a debt-to-equity ratio of 104.62, a quick ratio of 0.07 and a current ratio of 0.78.

Insiders Place Their Bets

In other news, Director Mazhar H. (Mike) Shaikh bought 2,600 shares of Artis Real Estate Investment Trust Unit stock in a transaction dated Thursday, September 5th. The stock was purchased at an average price of C$20.15 per share, for a total transaction of C$52,390.00. Also, Director Salim Manji bought 6,000 shares of the stock in a transaction dated Friday, September 27th. The stock was purchased at an average price of C$7.93 per share, with a total value of C$47,565.00. Over the last 90 days, insiders have acquired 13,600 shares of company stock worth $139,705. Insiders own 17.67% of the company’s stock.

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.