Artis Real Estate Investment Trust Unit - AX.UN Stock Forecast, Price & News

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. As of December 31, 2018, Artis' commercial property comprises approximately 25.1 million square feet of leasable area.

Artis Real Estate Investment Trust Unit Price Performance

Shares of AX.UN Stock remained flat at C$11.93 on Monday. 101,416 shares of the company traded hands, compared to its average volume of 394,456. The company has a debt-to-equity ratio of 90.26, a current ratio of 0.64 and a quick ratio of 0.07. Artis Real Estate Investment Trust Unit has a 1-year low of C$10.91 and a 1-year high of C$13.76. The firm's fifty day moving average price is C$11.78 and its two-hundred day moving average price is C$12.51. The firm has a market cap of C$1.38 billion and a PE ratio of 4.79.

Wall Street Analyst Weigh In

AX.UN has been the topic of several recent analyst reports. Scotiabank boosted their target price on Artis Real Estate Investment Trust Unit from C$14.00 to C$14.50 in a report on Monday, August 8th. National Bankshares upped their price target on Artis Real Estate Investment Trust Unit from C$11.00 to C$11.50 and gave the company a "sector perform" rating in a report on Monday, August 8th. Royal Bank of Canada upped their price target on Artis Real Estate Investment Trust Unit from C$11.50 to C$12.00 and gave the company a "sector perform" rating in a report on Monday, August 8th. Finally, BMO Capital Markets cut Artis Real Estate Investment Trust Unit from an "outperform" rating to a "hold" rating and dropped their price target for the company from C$14.00 to C$12.00 in a report on Monday, July 4th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of C$13.31.

Insider Activity at Artis Real Estate Investment Trust Unit

In other news, Director Salim Manji bought 10,000 shares of the business's stock in a transaction on Wednesday, June 29th. The stock was purchased at an average price of C$11.65 per share, with a total value of C$116,500.00. Following the transaction, the director now directly owns 2,315,475 shares in the company, valued at C$26,975,283.75. In the last 90 days, insiders acquired 10,210 shares of company stock valued at $118,881.