Artis Real Estate Investment Trust Unit (TSE:AX.UN) has been given an average recommendation of “Buy” by the eight research firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$13.00.
Several analysts recently commented on the company. BMO Capital Markets upped their target price on Air Products & Chemicals to $235.00 and gave the company an “outperform” rating in a report on Monday, May 13th. CIBC upped their target price on NorthWest Health Prop Real Est Inv Trust from C$11.75 to C$12.00 in a report on Monday, May 13th. National Bank Financial cut WestJet Airlines from a “reduce” rating to a “tender” rating and upped their target price for the company from C$22.00 to C$31.00 in a report on Monday, May 13th. TD Securities reduced their target price on Ritchie Bros. Auctioneers from $30.00 to $28.00 and set a “reduce” rating on the stock in a report on Monday, May 13th. Finally, Raymond James reiterated a “buy” rating and issued a $0.65 target price on shares of DB Commodity Double Short ETN in a report on Wednesday, May 15th.
Shares of AX.UN stock opened at C$11.73 on Tuesday. The firm has a 50 day moving average of C$11.76. Artis Real Estate Investment Trust Unit has a one year low of C$8.75 and a one year high of C$13.09. The company has a market capitalization of $1.77 billion and a PE ratio of 16.31. The company has a debt-to-equity ratio of 109.24, a current ratio of 0.81 and a quick ratio of 0.09.
The business also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 15th will be issued a $0.045 dividend. This represents a $0.54 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend is Tuesday, July 30th. Artis Real Estate Investment Trust Unit’s payout ratio is presently 75.10%.
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.
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2019-07-23 10:49:35Z
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