Artis Real Estate Investment Trust Unit (TSE:AX.UN) Price Target Cut to C$7.50

Artis Real Estate Investment Trust Unit (TSE:AX.UN) had its price objective trimmed by Royal Bank of Canada from C$8.00 to C$7.50 in a research report report published on Monday, MarketBeat Ratings reports. The brokerage currently has a sector perform rating on the stock.

Separately, National Bankshares dropped their price target on shares of Artis Real Estate Investment Trust Unit from C$7.75 to C$7.25 in a research report on Tuesday, July 18th.

Artis Real Estate Investment Trust Unit Stock Performance

AX.UN opened at C$6.62 on Monday. The firm has a market cap of C$714.63 million, a P/E ratio of -1.96 and a beta of 1.13. Artis Real Estate Investment Trust Unit has a 1-year low of C$5.82 and a 1-year high of C$9.85. The company has a 50 day simple moving average of C$6.51 and a two-hundred day simple moving average of C$6.86. The company has a debt-to-equity ratio of 103.25, a current ratio of 0.75 and a quick ratio of 0.07.

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.