Artis Real Estate Investment Trust Unit (TSE:AX.UN) Director Sells C$66,750.00 in Stock
Artis Real Estate Investment Trust Unit (TSE:AX.UN – Get Rating) Director Renzo Barazzuol sold 5,000 shares of Artis Real Estate Investment Trust Unit stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of C$13.35, for a total value of C$66,750.00. Following the completion of the sale, the director now directly owns 3,454,477 shares in the company, valued at approximately C$46,117,267.95.
Artis Real Estate Investment Trust Unit stock traded up C$0.16 during mid-day trading on Friday, hitting C$13.40. The company’s stock had a trading volume of 850,700 shares, compared to its average volume of 448,916. The company has a 50-day moving average of C$13.09 and a 200-day moving average of C$12.20. The stock has a market cap of C$1.61 billion and a PE ratio of 4.69. The company has a debt-to-equity ratio of 80.11, a quick ratio of 0.25 and a current ratio of 0.36. Artis Real Estate Investment Trust Unit has a one year low of C$10.65 and a one year high of C$13.58.
A number of research firms have issued reports on AX.UN. National Bankshares lifted their price objective on Artis Real Estate Investment Trust Unit from C$12.25 to C$12.50 and gave the stock a “sector perform” rating in a research note on Monday, March 7th. Royal Bank of Canada lifted their price objective on Artis Real Estate Investment Trust Unit from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Monday, March 7th. BMO Capital Markets boosted their target price on Artis Real Estate Investment Trust Unit from C$13.00 to C$14.00 in a research report on Monday, March 7th. Scotiabank boosted their target price on Artis Real Estate Investment Trust Unit from C$12.75 to C$13.50 in a research report on Tuesday, March 8th. Finally, CIBC boosted their target price on Artis Real Estate Investment Trust Unit from C$12.50 to C$13.50 and gave the company a “neutral” rating in a research report on Monday, March 7th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Artis Real Estate Investment Trust Unit currently has an average rating of “Hold” and an average price target of C$13.53.
Artis Real Estate Investment Trust Unit Company Profile (Get Rating)
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.
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