Artis Real Estate Investment Trust Unit (TSE:AX.UN) Price Target Raised to C$7.00

Artis Real Estate Investment Trust Unit (TSE:AX.UN) had its price target lifted by Scotiabank from C$6.50 to C$7.00 in a report released on Monday, BayStreet.CA reports.

AX.UN has been the subject of a number of other research reports. TD Securities decreased their target price on shares of Artis Real Estate Investment Trust Unit from C$7.00 to C$6.50 and set a hold rating for the company in a research report on Monday, March 4th. Royal Bank of Canada decreased their price objective on Artis Real Estate Investment Trust Unit from C$7.50 to C$6.50 and set a sector perform rating for the company in a report on Monday, March 4th.

Artis Real Estate Investment Trust Unit Stock Performance

Shares of Artis Real Estate Investment Trust Unit stock opened at C$6.45 on Monday. The company has a market capitalization of C$683.89 million, a PE ratio of -2.16 and a beta of 1.09. The company has a 50-day simple moving average of C$6.29 and a two-hundred day simple moving average of C$6.36. Artis Real Estate Investment Trust Unit has a one year low of C$5.51 and a one year high of C$7.36. The company has a debt-to-equity ratio of 112.94, a quick ratio of 0.07 and a current ratio of 1.00.

About Artis Real Estate Investment Trust Unit

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.