Artis Real Estate Investment Trust Unit (TSE:AX.UN)’s share price reached a new 52-week low on Wednesday after Raymond James lowered their price target on the stock from C$13.00 to C$9.15. Raymond James currently has a market perform rating on the stock. Artis Real Estate Investment Trust Unit traded as low as C$7.14 and last traded at C$7.23, with a volume of 226302 shares changing hands. The stock had previously closed at C$8.11.
AX.UN has been the topic of a number of other reports. Canaccord Genuity raised their price objective on shares of Artis Real Estate Investment Trust Unit from C$13.00 to C$13.50 in a research note on Monday, March 2nd. Scotiabank raised their price objective on shares of Artis Real Estate Investment Trust Unit from C$13.00 to C$13.25 in a research note on Monday, March 2nd. National Bank Financial raised their price objective on shares of Artis Real Estate Investment Trust Unit from C$13.50 to C$14.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 3rd. TD Securities raised their price objective on shares of Artis Real Estate Investment Trust Unit from C$14.00 to C$15.00 in a research note on Monday, March 2nd. Finally, BMO Capital Markets raised their price objective on shares of Artis Real Estate Investment Trust Unit from C$14.00 to C$14.50 in a research note on Monday, March 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$13.10.
The company has a quick ratio of 0.09, a current ratio of 0.45 and a debt-to-equity ratio of 110.78. The business’s 50-day moving average is C$11.77 and its two-hundred day moving average is C$12.01. The company has a market capitalization of $862.34 million and a P/E ratio of 8.66.
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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2020-03-20 11:26:56Z
https://redmondregister.com/2020/03/20/artis-real-estate-investment-trust-unit-tseax-un-sets-new-52-week-low-on-analyst-downgrade.html
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