Artis Real Estate Investment Trust Unit (AX.UN) Receives Market Perform Rating from BMO Capital Markets

Artis Real Estate Investment Trust Unit (TSE:AX.UN)‘s stock had its “market perform” rating reissued by investment analysts at BMO Capital Markets in a report released on Monday. They currently have a C$12.00 price objective on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 11.52% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Desjardins reiterated a “hold” rating and issued a C$10.00 price target on shares of Artis Real Estate Investment Trust Unit in a report on Wednesday, December 19th. National Bank Financial cut their price target on shares of Artis Real Estate Investment Trust Unit from C$13.00 to C$12.00 in a report on Wednesday, November 28th. CIBC cut their price target on shares of Artis Real Estate Investment Trust Unit from C$13.50 to C$11.50 in a report on Monday, November 5th. Royal Bank of Canada upgraded shares of Artis Real Estate Investment Trust Unit from a “sector perform” rating to an “outperform” rating and set a C$14.50 price target for the company in a report on Friday, November 2nd. Finally, Canaccord Genuity cut their price target on shares of Artis Real Estate Investment Trust Unit from C$14.00 to C$13.00 in a report on Monday, October 29th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of C$12.50.

Shares of Artis Real Estate Investment Trust Unit stock opened at C$10.76 on Monday. The firm has a market cap of $1.63 billion and a price-to-earnings ratio of 8.94. The company has a quick ratio of 0.09, a current ratio of 0.35 and a debt-to-equity ratio of 94.94. Artis Real Estate Investment Trust Unit has a one year low of C$12.82 and a one year high of C$14.42.

In related news, insider James Green purchased 3,000 shares of the business’s stock in a transaction dated Tuesday, December 18th. The stock was acquired at an average price of C$9.31 per share, for a total transaction of C$27,930.00. Following the acquisition, the insider now directly owns 87,000 shares of the company’s stock, valued at approximately C$809,970.

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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