Artis Real Estate Investment Trust Unit (TSE:AX.UN) declared a monthly dividend on Wednesday, December 30th, TickerTech reports. Shareholders of record on Friday, January 15th will be paid a dividend of 0.0464 per share on Friday, January 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date of this dividend is Wednesday, December 30th. This is a boost from Artis Real Estate Investment Trust Unit's previous monthly dividend of $0.05.
AX.UN stock traded up C$0.11 during trading on Tuesday, reaching C$10.69. The stock had a trading volume of 234,233 shares, compared to its average volume of 403,757. Artis Real Estate Investment Trust Unit has a 1-year low of C$5.41 and a 1-year high of C$13.67. The company has a current ratio of 0.53, a quick ratio of 0.06 and a debt-to-equity ratio of 110.51. The company has a market capitalization of C$1.44 billion and a P/E ratio of 5,290.00. The firm has a fifty day moving average price of C$10.67 and a 200 day moving average price of C$8.87.
In other Artis Real Estate Investment Trust Unit news, insider Artis Real Estate Investment Trust purchased 111,934 shares of the company's stock in a transaction dated Friday, October 9th. The shares were bought at an average price of C$8.43 per share, for a total transaction of C$943,368.56. Following the purchase, the insider now directly owns 200,301 shares in the company, valued at approximately C$1,688,116.80.
A number of analysts have recently weighed in on AX.UN shares. BMO Capital Markets upped their price target on shares of Artis Real Estate Investment Trust Unit from C$11.00 to C$12.00 and gave the stock a "market perform" rating in a research note on Tuesday, December 1st. National Bank Financial increased their target price on shares of Artis Real Estate Investment Trust Unit from C$9.50 to C$10.00 and gave the company a "sector perform" rating in a research note on Wednesday, November 11th. Royal Bank of Canada increased their target price on shares of Artis Real Estate Investment Trust Unit from C$11.50 to C$12.00 and gave the company an "outperform" rating in a research note on Monday, November 9th. Finally, Canaccord Genuity increased their target price on shares of Artis Real Estate Investment Trust Unit from C$9.50 to C$11.00 in a research note on Monday, November 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Artis Real Estate Investment Trust Unit presently has an average rating of "Hold" and a consensus price target of C$11.03.
According to Goldman Sachs & Bank of America, you are right on time.
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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2020-12-29 22:41:04Z
https://www.marketbeat.com/instant-alerts/tse-ax.un-dividend-announcement-2020-12/
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