Should I buy or sell Artis Real Estate Investment Trust Unit stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Artis Real Estate Investment Trust Unit in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" AX.UN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AX.UN, but not buy additional shares or sell existing shares. View AX.UN analyst ratings or view top-rated stocks .

What is Artis Real Estate Investment Trust Unit's stock price target for 2024?

4 brokerages have issued 12-month target prices for Artis Real Estate Investment Trust Unit's shares. Their AX.UN share price targets range from C$6.50 to C$8.00. On average, they predict the company's share price to reach C$6.95 in the next year. This suggests a possible upside of 6.8% from the stock's current price. View analysts price targets for AX.UN or view top-rated stocks among Wall Street analysts .

How have AX.UN shares performed in 2024?

Artis Real Estate Investment Trust Unit's stock was trading at C$6.63 at the beginning of the year. Since then, AX.UN shares have decreased by 1.8% and is now trading at C$6.51. View the best growth stocks for 2024 here .

How often does Artis Real Estate Investment Trust Unit pay dividends? What is the dividend yield for Artis Real Estate Investment Trust Unit?

Artis Real Estate Investment Trust Unit declared a monthly dividend on Thursday, December 28th. Investors of record on Monday, January 15th will be given a dividend of 0.05 per share on Monday, January 15th. This represents a $0.60 annualized dividend and a yield of 9.22%. The ex-dividend date is Thursday, December 28th. This is a positive change from the stock's previous monthly dividend of C$0.05. Read our dividend analysis for AX.UN .

Is Artis Real Estate Investment Trust Unit a good dividend stock?

Artis Real Estate Investment Trust Unit (TSE:AX.UN) pays an annual dividend of C$0.60 per share and currently has a dividend yield of 9.48%. AX.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for AX.UN .

How do I buy shares of Artis Real Estate Investment Trust Unit?

Shares of AX.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:AX.UN

Artis Real Estate Investment Trust Unit (AX.UN) Stock Price, News & Analysis

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C$6.51

+0.13 (+2.04%)

(As of 04/19/2024 ET)

Compare

Today's Range: C$6.33
▼
C$6.51
50-Day Range: C$5.61
▼
C$6.62
52-Week Range: C$5.51
▼
C$7.45

Volume: 144,127 shs
Average Volume: 206,538 shs
Market Capitalization: C$702.75 million

P/E Ratio: N/A
Dividend Yield: 9.22%
Price Target: C$6.95

Stock Analysis Analyst Forecasts Chart Competitors Dividend Headlines Insider Trades

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Artis Real Estate Investment Trust Unit MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 6.8% Upside
C$6.95 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
C$10,512 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.58 out of 5 stars

1.0

Analyst's Opinion

Consensus Rating
Artis Real Estate Investment Trust Unit has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Artis Real Estate Investment Trust Unit has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for AX.UN.

1.7

Dividend Strength

Dividend Leadership
Artis Real Estate Investment Trust Unit is a leading dividend payer. It pays a dividend yield of 9.48%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Artis Real Estate Investment Trust Unit does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AX.UN.

3.1

News and Social Media Coverage

News Sentiment
Artis Real Estate Investment Trust Unit has a news sentiment score of 1.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Real Estate companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Artis Real Estate Investment Trust Unit this week, compared to 0 articles on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Artis Real Estate Investment Trust Unit insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$10,512.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
17.10% of the stock of Artis Real Estate Investment Trust Unit is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 36.79% of the stock of Artis Real Estate Investment Trust Unit is held by institutions.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Artis Real Estate Investment Trust Unit is -2.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Artis Real Estate Investment Trust Unit is -2.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Artis Real Estate Investment Trust Unit has a P/B Ratio of 0.46. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Artis Real Estate Investment Trust Unit Stock (TSE:AX.UN)

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. As of December 31, 2018, Artis' commercial property comprises approximately 25.1 million square feet of leasable area.

AX.UN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AX.UN Stock News Headlines

March 20, 2024 | insidertrades.com

Mazhar H. (Mike) Shaikh Buys 600 Shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN) Stock

April 13, 2024 | americanbankingnews.com

Artis Real Estate Investment Trust Unit (TSE:AX.UN) Shares Cross Above 200 Day Moving Average of $6.33

April 20, 2024 | TradeSmith (Ad)

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April 7, 2024 | theglobeandmail.com

Early Warning Notice Regarding Red Lake Gold Inc.

April 4, 2024 | seekingalpha.com

Artis REIT: Should You AX It From Your Portfolio?

March 21, 2024 | morningstar.com

Artis Real Estate Investment Trust Pref Share AX.PR.E

March 2, 2024 | seekingalpha.com

Artis Real Estate Investment Trust (ARESF) Q4 2023 Earnings Call Transcript

March 1, 2024 | markets.businessinsider.com

Analysts Offer Insights on Real Estate Companies: Artis Real Estate Investment (OtherARESF) and MFA Financial (MFA)

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October 2, 2023 | finance.yahoo.com

ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES TIMING OF RELEASE OF Q3-23 RESULTS AND CONFERENCE CALL

May 13, 2023 | fool.com

Artis Real Estate Investment Trust (OTC: ARESF)

April 12, 2023 | theglobeandmail.com

Closing Bell: Artis Real Estate Investment Trust Units up on Monday (AX-UN)

March 2, 2023 | fool.ca

Want a High Yield? 3 Things to Watch for in Artis Real Estate Investment Trust

November 14, 2022 | yahoo.com

SANDPIPER GROUP CONTINUES TO INCREASE POSITION IN ARTIS REAL ESTATE INVESTMENT TRUST TO OVER 16%

October 4, 2022 | ca.finance.yahoo.com

ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES TIMING OF RELEASE OF Q3-22 RESULTS AND CONFERENCE CALL

July 28, 2022 | seekingalpha.com

Independence Realty Trust, Inc. (IRT) CEO Scott Schaeffer on Q2 2022 Results - Earnings Call Transcript

June 1, 2022 | yahoo.com

ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES PUBLICATION OF 2021 ESG REPORT

April 29, 2022 | stockhouse.com

ARTIS REAL ESTATE INVESTMENT TRUST COMPLETES OFFERING OF $200 MILLION OF 5.60% SERIES E SENIOR UNSECURED DEBENTURES

March 1, 2022 | stockhouse.com

ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED PRIVATIZATION OF COMINAR REIT

December 30, 2021 | baystreet.ca

Why I’m Buying This Surging REIT Today

December 30, 2021 | baystreet.ca

HEADLINE: Why I’m Buying This Surging REIT Today

December 20, 2021 | ca.finance.yahoo.com

ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES SPECIAL DISTRIBUTION OF $2.39 PER TRUST UNIT

October 25, 2021 | fool.ca

ARTIS REAL ESTATE INVESTMENT TRUST UNITS

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Real Estate
Industry: REIT - Diversified
Sub-Industry: N/A
Current Symbol: TSE:AX.UN
CUSIP: N/A
CIK: N/A
Web: www.artisreit.com
Phone: +1-204-9471250
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$6.95
High Stock Price Target: C$8.00
Low Stock Price Target: C$6.50
Potential Upside/Downside: +6.8%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($3.10)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 14.56
P/E Growth: N/A
Net Income: C$-345,090,000.00
Net Margins: -123.61%
Pretax Margin: N/A
Return on Equity: -16.83%
Return on Assets: 1.66%

Debt

Debt-to-Equity Ratio: 111.06
Current Ratio: 0.67
Quick Ratio: 0.07

Sales & Book Value

Annual Sales: C$268.64 million
Price / Sales: 2.62
Cash Flow: C$0.83 per share
Price / Cash Flow: 7.87
Book Value: C$14.12 per share
Price / Book: 0.46

Miscellaneous

Outstanding Shares: 107,950,000
Free Float: N/A
Market Cap: C$702.75 million
Optionable: Not Optionable
Beta: 1.09

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Key Executives

Mr. Armin Martens P.Eng. (Age 63)
M.B.A., Pres, CEO & Trustee
Mr. James Green C.A. (Age 61)
Chief Financial Officer
Mr. Frank Sherlock
Exec. VP of Property Management
Mr. Philip Martens
Exec. VP of US Region
Ms. Jaclyn Koenig
VP of Corp. Accounting

Key Competitors

View All Competitors

Insiders

Mazhar H. (Mike) Shaikh
Bought 600 shares on 3/19/2024
Total: C$10,512.00 ($17.52/share)

View All Insider Transactions

AX.UN Stock Analysis - Frequently Asked Questions

Should I buy or sell Artis Real Estate Investment Trust Unit stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Artis Real Estate Investment Trust Unit in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" AX.UN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AX.UN, but not buy additional shares or sell existing shares.
View AX.UN analyst ratings or view top-rated stocks.
What is Artis Real Estate Investment Trust Unit's stock price target for 2024?: 4 brokerages have issued 12-month target prices for Artis Real Estate Investment Trust Unit's shares. Their AX.UN share price targets range from C$6.50 to C$8.00. On average, they predict the company's share price to reach C$6.95 in the next year. This suggests a possible upside of 6.8% from the stock's current price.
View analysts price targets for AX.UN or view top-rated stocks among Wall Street analysts.
How have AX.UN shares performed in 2024?: Artis Real Estate Investment Trust Unit's stock was trading at C$6.63 at the beginning of the year. Since then, AX.UN shares have decreased by 1.8% and is now trading at C$6.51.
View the best growth stocks for 2024 here.
How often does Artis Real Estate Investment Trust Unit pay dividends? What is the dividend yield for Artis Real Estate Investment Trust Unit?: Artis Real Estate Investment Trust Unit declared a monthly dividend on Thursday, December 28th. Investors of record on Monday, January 15th will be given a dividend of 0.05 per share on Monday, January 15th. This represents a $0.60 annualized dividend and a yield of 9.22%. The ex-dividend date is Thursday, December 28th. This is a positive change from the stock's previous monthly dividend of C$0.05.
Read our dividend analysis for AX.UN.

Is Artis Real Estate Investment Trust Unit a good dividend stock?: Artis Real Estate Investment Trust Unit (TSE:AX.UN) pays an annual dividend of C$0.60 per share and currently has a dividend yield of 9.48%. AX.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for AX.UN.
How do I buy shares of Artis Real Estate Investment Trust Unit?: Shares of AX.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:AX.UN) was last updated on 4/20/2024 by MarketBeat.com Staff

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Artis Real Estate Investment Trust Unit (AX.UN) Stock Price, News & Analysis

Artis Real Estate Investment Trust Unit MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Artis Real Estate Investment Trust Unit Stock (TSE:AX.UN)

AX.UN Stock Price History

AX.UN Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

AX.UN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™