Analysts Set Artis Real Estate Investment Trust Unit (TSE:AX.UN) Price Target at C$13.06

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Shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN) have earned a consensus recommendation of “Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$13.06.

A number of research analysts have weighed in on AX.UN shares. CIBC boosted their target price on shares of Artis Real Estate Investment Trust Unit from C$12.50 to C$13.00 in a research report on Tuesday, November 5th. Canaccord Genuity boosted their target price on shares of Artis Real Estate Investment Trust Unit from C$12.50 to C$13.00 in a research report on Wednesday, September 4th. Raymond James set a C$13.00 target price on shares of Artis Real Estate Investment Trust Unit and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their target price on shares of Artis Real Estate Investment Trust Unit from C$13.00 to C$13.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th.

Artis Real Estate Investment Trust Unit stock traded down C$0.01 on Monday, reaching C$11.80. 194,670 shares of the stock were exchanged, compared to its average volume of 252,057. The stock has a market cap of $1.63 billion and a PE ratio of 22.82. The company has a current ratio of 0.55, a quick ratio of 0.10 and a debt-to-equity ratio of 112.91. Artis Real Estate Investment Trust Unit has a twelve month low of C$8.75 and a twelve month high of C$12.83. The firm has a fifty day moving average price of C$12.01 and a two-hundred day moving average price of C$12.02.

The company also recently announced a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be given a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Thursday, November 28th. Artis Real Estate Investment Trust Unit’s dividend payout ratio is 104.45%.

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.

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Analyst Recommendations for Artis Real Estate Investment Trust Unit (TSE:AX.UN)

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