Artis Real Estate Investment Trust Unit (TSE:AX.UN) Price Target Increased to C$14.00 by Analysts at TD Securities

Artis Real Estate Investment Trust Unit (TSE:AX.UN) had its target price raised by TD Securities from C$13.50 to C$14.00 in a research note released on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. CIBC boosted their price objective on shares of Artis Real Estate Investment Trust Unit from C$11.50 to C$12.00 in a research note on Monday, May 13th. National Bank Financial boosted their price objective on shares of Artis Real Estate Investment Trust Unit from C$12.00 to C$13.50 and gave the stock a sector perform rating in a research note on Monday, May 13th. Desjardins boosted their price objective on shares of Artis Real Estate Investment Trust Unit from C$11.50 to C$12.00 in a research note on Monday, May 13th. Raymond James reissued a market perform rating on shares of Artis Real Estate Investment Trust Unit in a research note on Wednesday, May 15th. Finally, BMO Capital Markets raised shares of Artis Real Estate Investment Trust Unit from a market perform rating to an outperform rating and boosted their price objective for the stock from C$12.00 to C$12.50 in a research note on Monday, May 13th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Artis Real Estate Investment Trust Unit presently has an average rating of Hold and a consensus price target of C$12.86.

Shares of TSE AX.UN traded up C$0.17 during trading hours on Friday, reaching C$11.93. The stock had a trading volume of 460,286 shares, compared to its average volume of 252,057. The company has a current ratio of 0.81, a quick ratio of 0.09 and a debt-to-equity ratio of 109.24. The firm has a market cap of $1.80 billion and a price-to-earnings ratio of 16.59. The company has a fifty day moving average price of C$11.74. Artis Real Estate Investment Trust Unit has a 52-week low of C$8.75 and a 52-week high of C$12.99.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 15th will be paid a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Tuesday, July 30th. Artis Real Estate Investment Trust Unit’s dividend payout ratio (DPR) is 75.10%.

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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