Artis Real Estate Investment Trust Unit (TSE:AX.UN) Hits New 52-Week High – What’s Next?

Artis Real Estate Investment Trust Unit (TSE:AX.UN) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$23.38 and last traded at C$7.24, with a volume of 98722 shares trading hands. The stock had previously closed at C$7.20.

Analyst Ratings Changes

Several analysts have issued reports on AX.UN shares. Scotiabank upped their price target on shares of Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 in a research report on Thursday, November 14th. TD Securities upped their price objective on shares of Artis Real Estate Investment Trust Unit from C$7.00 to C$7.50 and gave the company a “hold” rating in a research note on Monday, November 18th.

Artis Real Estate Investment Trust Unit Trading Up 1.4 %

The company has a market capitalization of C$760.55 million, a P/E ratio of -3.30 and a beta of 1.20. The stock’s 50 day moving average is C$7.43 and its 200-day moving average is C$7.30. The company has a debt-to-equity ratio of 104.62, a current ratio of 0.78 and a quick ratio of 0.07.

Insider Buying and Selling

In other Artis Real Estate Investment Trust Unit news, Director Mazhar H. (Mike) Shaikh acquired 3,200 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were acquired at an average price of C$20.90 per share, for a total transaction of C$66,880.00. 17.67% of the stock is owned by insiders.

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.