Artis REIT (TSE:AX) Stock Rating Lowered by Scotiabank

Artis REIT (TSE:AX) was downgraded by research analysts at Scotiabank from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Artis REIT Stock Performance

Artis REIT has a fifty-two week low of C$12.82 and a fifty-two week high of C$14.42.

Artis REIT Company Profile

Artis Real Estate Investment Trust (Artis) is an unincorporated closed-end real estate investment trust (REIT). The Company’s objective is to provide stable, reliable and tax efficient monthly cash distributions, as well as long-term appreciation in the value of Artis’ units. Its segments include Western Canada, which comprises British Columbia and Alberta; Central Canada, which comprises Saskatchewan and Manitoba, and Eastern Canada, which comprises Ontario.