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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Artis Real Estate Investment Trust Unit in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" AX.UN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AX.UN, but not buy additional shares or sell existing shares.
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6 brokerages have issued twelve-month price targets for Artis Real Estate Investment Trust Unit's shares. Their AX.UN share price forecasts range from C$11.50 to C$15.00. On average, they expect the company's share price to reach C$13.31 in the next twelve months. This suggests a possible upside of 40.0% from the stock's current price.
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Artis Real Estate Investment Trust Unit's stock was trading at C$11.94 at the beginning of the year. Since then, AX.UN shares have decreased by 20.4% and is now trading at C$9.51.
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Artis Real Estate Investment Trust Unit (TSE:AX.UN) pays an annual dividend of C$0.60 per share and currently has a dividend yield of 6.19%. AX.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 24.10%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for AX.UN.

Artis Real Estate Investment Trust Unit trades on the Toronto Stock Exchange (TSX) under the ticker symbol "AX.UN."

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.
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One share of AX.UN stock can currently be purchased for approximately C$9.51.

Artis Real Estate Investment Trust Unit (TSE:AX.UN) has a market capitalization of C$1.10 billion and generates C$564.10 million in revenue each year.

Artis Real Estate Investment Trust Unit's mailing address is 300-360 Main St, WINNIPEG, MB R3C 3Z3, Canada. The official website for the company is www.artisreit.com. The company can be reached via phone at +1-204-9471250.