Artis Real Estate Investment Trust Unit (TSE:AX.UN) Given Consensus Recommendation of “Buy” by Brokerages - Redmond Register

Artis Real Estate Investment Trust Unit (TSE:AX.UN) has been given an average recommendation of “Hold” by the nine analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$13.10.

Several equities research analysts have weighed in on the company. National Bank Financial upped their target price on Artis Real Estate Investment Trust Unit from C$13.50 to C$14.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 3rd. Scotiabank upped their target price on Artis Real Estate Investment Trust Unit from C$13.00 to C$13.25 in a report on Monday, March 2nd. BMO Capital Markets upped their target price on Artis Real Estate Investment Trust Unit from C$14.00 to C$14.50 in a report on Monday, March 2nd. Canaccord Genuity upped their price objective on Artis Real Estate Investment Trust Unit from C$13.00 to C$13.50 in a research note on Monday, March 2nd. Finally, TD Securities upped their price objective on Artis Real Estate Investment Trust Unit from C$14.00 to C$15.00 in a research note on Monday, March 2nd.

Shares of AX.UN stock opened at C$7.66 on Friday. Artis Real Estate Investment Trust Unit has a twelve month low of C$5.86 and a twelve month high of C$13.67. The stock has a market capitalization of $1.07 billion and a price-to-earnings ratio of 10.61. The stock has a fifty day simple moving average of C$11.12 and a two-hundred day simple moving average of C$11.83. The company has a current ratio of 0.45, a quick ratio of 0.09 and a debt-to-equity ratio of 110.78.

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.