Artis Real Estate Investment Trust Unit (AX.UN) Stock Price, News & Analysis

Company Overview

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and select markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into three categories: office, retail, and industrial. The industrial properties account for most of the portfolio, followed by the office properties and the retail properties.

Key Stats

• Today's Range: C$6.88 to C$7.14
• 50-Day Range: C$6.97 to C$7.73
• 52-Week Range: C$6.27 to C$8.38
• Volume: 1.02 million shs
• Average Volume: 141,979 shs
• Market Capitalization: C$674.23 million
• P/E Ratio: N/A
• Dividend Yield: 8.61%
• Price Target: C$7.50
• Consensus Rating: Reduce

Artis Real Estate Investment Trust Unit Stock Analysis - MarketRank™

Artis Real Estate Investment Trust Unit scored higher than 21% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.6 / 5
• Analyst Rating: Reduce

Consensus Rating

Artis Real Estate Investment Trust Unit has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.

Upside/Downside

The consensus price target for Artis Real Estate Investment Trust Unit is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Artis Real Estate Investment Trust Unit has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Artis Real Estate Investment Trust Unit is -10.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Artis Real Estate Investment Trust Unit is -10.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Artis Real Estate Investment Trust Unit has a P/B Ratio of 0.49. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for AX.UN.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Artis Real Estate Investment Trust Unit is a leading dividend payer. It pays a dividend yield of 7.94%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Artis Real Estate Investment Trust Unit does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for AX.UN.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 1.68

News Sentiment

Artis Real Estate Investment Trust Unit has a news sentiment score of 1.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Artis Real Estate Investment Trust Unit this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Artis Real Estate Investment Trust Unit insiders have not sold or bought any company stock.

Percentage Held by Insiders

17.67% of the stock of Artis Real Estate Investment Trust Unit is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 19.86% of the stock of Artis Real Estate Investment Trust Unit is held by institutions.

AX.UN Stock Analysis - Frequently Asked Questions

How have AX.UN shares performed this year?

Artis Real Estate Investment Trust Unit's stock was trading at C$7.36 at the beginning of the year. Since then, AX.UN stock has decreased by 5.3% and is now trading at C$6.97.

How do I buy shares of Artis Real Estate Investment Trust Unit?

Shares of AX.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Real Estate
• Industry: REIT - Diversified
• Sub-Industry: N/A
• Current Symbol: TSE:AX.UN
• CIK: N/A
• Web: www.artisreit.com
• Phone: +1-204-9471250
• Fax: N/A
• Employees: 169
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Artis Real Estate Investment Trust Unit: C$7.50
• High Price Target: C$7.50
• Low Price Target: C$7.50
• Potential Upside/Downside: +7.6%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): C($0.64)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 14.44
• P/E Growth: N/A
• Net Income: -C$244.09 million
• Net Margins: -114.89%
• Pretax Margin: N/A
• Return on Equity: -12.55%
• Return on Assets: 0.79%

Debt

• Debt-to-Equity Ratio: 104.62
• Current Ratio: 0.78
• Quick Ratio: 0.07

Sales & Book Value

• Annual Sales: C$256.60 million
• Price / Sales: 2.63
• Cash Flow: C$0.89 per share
• Price / Cash Flow: 7.87
• Book Value: C$14.30 per share
• Price / Book: 0.49

Miscellaneous

• Outstanding Shares: 96,733,000
• Free Float: N/A
• Market Cap: C$674.23 million
• Optionable: Not Optionable
• Beta: 0.77