Artis Real Estate Investment Trust Unit (TSE:AX.UN) Price Target Increased to C$7.00 by Analysts at Scotiabank

Artis Real Estate Investment Trust Unit (TSE:AX.UN) had its price objective raised by Scotiabank from C$6.50 to C$7.00 in a research note issued to investors on Monday, BayStreet.CA reports.

Other equities analysts have also issued reports about the stock. TD Securities cut their price target on shares of Artis Real Estate Investment Trust Unit from C$7.00 to C$6.50 and set a hold rating on the stock in a report on Monday, March 4th. Royal Bank of Canada lowered their price objective on Artis Real Estate Investment Trust Unit from C$7.50 to C$6.50 and set a sector perform rating for the company in a research report on Monday, March 4th.

Artis Real Estate Investment Trust Unit Stock Down 0.8 %

TSE:AX.UN opened at C$6.42 on Monday. The company’s 50-day simple moving average is C$6.26 and its 200-day simple moving average is C$6.36. The company has a debt-to-equity ratio of 112.94, a quick ratio of 0.07 and a current ratio of 1.00. Artis Real Estate Investment Trust Unit has a fifty-two week low of C$5.51 and a fifty-two week high of C$7.36. The stock has a market capitalization of C$680.71 million, a P/E ratio of -2.15 and a beta of 1.09.

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.