Artis Real Estate Investment Trust Unit (TSE:AX.UN) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Artis Real Estate Investment Trust Unit (TSE:AX.UNGet Rating) have been given an average rating of “Hold” by the eight brokerages that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$13.31.

Several equities analysts recently commented on the company. National Bankshares boosted their target price on Artis Real Estate Investment Trust Unit from C$11.00 to C$11.50 and gave the stock a “sector perform” rating in a research report on Monday, August 8th. Scotiabank upped their price objective on shares of Artis Real Estate Investment Trust Unit from C$14.00 to C$14.50 in a research report on Monday, August 8th. BMO Capital Markets lowered shares of Artis Real Estate Investment Trust Unit from an “outperform” rating to a “hold” rating and dropped their target price for the company from C$14.00 to C$12.00 in a research report on Monday, July 4th. Finally, Royal Bank of Canada increased their price target on shares of Artis Real Estate Investment Trust Unit from C$11.50 to C$12.00 and gave the stock a “sector perform” rating in a report on Monday, August 8th.

Insider Transactions at Artis Real Estate Investment Trust Unit

In other Artis Real Estate Investment Trust Unit news, Director Salim Manji purchased 6,000 shares of the stock in a transaction on Monday, August 15th. The stock was acquired at an average cost of C$11.85 per share, with a total value of C$71,100.00. Following the completion of the purchase, the director now directly owns 2,332,525 shares of the company’s stock, valued at approximately C$27,640,421.25. In the last ninety days, insiders acquired 16,710 shares of company stock worth $195,660.

Artis Real Estate Investment Trust Unit Stock Up 2.0 %

Shares of TSE AX.UN opened at C$10.75 on Friday. The company has a quick ratio of 0.07, a current ratio of 0.64 and a debt-to-equity ratio of 90.26. The company has a market cap of C$1.24 billion and a P/E ratio of 4.32. Artis Real Estate Investment Trust Unit has a 52 week low of C$10.51 and a 52 week high of C$13.76. The business has a 50-day simple moving average of C$11.32 and a two-hundred day simple moving average of C$12.25.

Artis Real Estate Investment Trust Unit Company Profile

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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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