Artis Real Estate Investment Trust Unit (TSE:AX.UN) Price Target Raised to C$7.00

Artis Real Estate Investment Trust Unit (TSE:AX.UN - Get Free Report) had its price target hoisted by equities research analysts at Scotiabank from C$6.50 to C$7.00 in a report issued on Monday, BayStreet.CA reports. Scotiabank's target price suggests a potential upside of 9.03% from the company's current price.

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

Artis Real Estate Investment Trust Unit Trading Down 0.8 %

Shares of TSE:AX.UN traded down C$0.05 during trading on Monday, hitting C$6.42. The company had a trading volume of 256,830 shares, compared to its average volume of 207,386. The company has a debt-to-equity ratio of 112.94, a current ratio of 1.00 and a quick ratio of 0.07. Artis Real Estate Investment Trust Unit has a one year low of C$5.51 and a one year high of C$7.36. The stock has a market cap of C$680.71 million, a price-to-earnings ratio of -2.15 and a beta of 1.09. The company has a fifty day simple moving average of C$6.26 and a two-hundred day simple moving average of C$6.36.

About Artis Real Estate Investment Trust Unit

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.