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DIS   109.25 (+2.46%)
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TSE:AX.UN

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

C$11.76
+0.36 (+3.16%)
(As of 08/8/2022 02:31 PM ET)
Add
Compare
Today's Range
C$11.48
C$11.82
50-Day Range
C$11.06
C$13.17
52-Week Range
C$10.91
C$13.76
Volume
342,859 shs
Average Volume
397,717 shs
Market Capitalization
C$1.36 billion
P/E Ratio
2.76
Dividend Yield
5.26%
Price Target
C$13.25

Artis Real Estate Investment Trust Unit MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
12.9% Upside
C$13.25 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
C$118,881 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.19 out of 5 stars

AX.UN stock logo

About Artis Real Estate Investment Trust Unit (TSE:AX.UN) Stock

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.

Wall Street Analyst Weigh In

AX.UN has been the topic of several analyst reports. National Bankshares dropped their price target on shares of Artis Real Estate Investment Trust Unit from C$12.50 to C$11.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 20th. BMO Capital Markets downgraded shares of Artis Real Estate Investment Trust Unit from an "outperform" rating to a "hold" rating and decreased their price objective for the stock from C$14.00 to C$12.00 in a report on Monday, July 4th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of C$13.25.

Artis Real Estate Investment Trust Unit Price Performance

AX.UN traded down C$0.04 on Friday, hitting C$11.40. 289,120 shares of the stock were exchanged, compared to its average volume of 398,105. Artis Real Estate Investment Trust Unit has a 12 month low of C$10.91 and a 12 month high of C$13.76. The business has a 50-day moving average of C$11.90 and a two-hundred day moving average of C$12.51. The company has a debt-to-equity ratio of 79.99, a current ratio of 0.15 and a quick ratio of 0.05. The firm has a market capitalization of C$1.32 billion and a price-to-earnings ratio of 2.68.

Insider Activity

In other news, Director Salim Manji bought 10,000 shares of the firm's stock in a transaction on Wednesday, June 29th. The stock was acquired 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 owns 2,315,475 shares of the company's stock, valued at approximately C$26,975,283.75. Insiders bought 10,210 shares of company stock valued at $118,881 over the last quarter.

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AX.UN Stock News Headlines

Why I’m Buying This Surging REIT Today
HEADLINE: Why I’m Buying This Surging REIT Today
ARTIS REAL ESTATE INVESTMENT TRUST UNITS
Artis Real Estate Investment Trust (AX-PI.TO)
Sandpiper Increases Investment in Artis REIT to 10%
IIROC Trade Resumption - AX.UN
IIROC Trading Halt - AX.UN
See More Headlines
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Industry, Sector and Symbol

Industry
REIT - Diversified
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$13.31
High Stock Price Forecast
C$15.00
Low Stock Price Forecast
C$11.50
Forecasted Upside/Downside
+12.7%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$394.36 million
Cash Flow
C$0.31 per share
Book Value
C$19.18 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.36 billion
Optionable
Not Optionable
Beta
N/A














AX.UN Stock - Frequently Asked Questions

Should I buy or sell Artis Real Estate Investment Trust Unit stock right now?

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.
View AX.UN analyst ratings
or view top-rated stocks.

What is Artis Real Estate Investment Trust Unit's stock price forecast for 2022?

6 brokers have issued 12 month price objectives for Artis Real Estate Investment Trust Unit's stock. Their AX.UN stock forecasts range from C$11.00 to C$15.00. On average, they expect the company's share price to reach C$13.25 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price.
View analysts price targets for AX.UN
or view top-rated stocks among Wall Street analysts.

How has Artis Real Estate Investment Trust Unit's stock performed in 2022?

Artis Real Estate Investment Trust Unit's stock was trading at C$11.94 on January 1st, 2022. Since then, AX.UN shares have decreased by 1.7% and is now trading at C$11.74.
View the best growth stocks for 2022 here
.

Is Artis Real Estate Investment Trust Unit a good dividend stock?

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 5.26%. 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 14.08%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for AX.UN.

What is Artis Real Estate Investment Trust Unit's stock symbol?

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

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.
Compare Top Brokerages Here.

What is Artis Real Estate Investment Trust Unit's stock price today?

One share of AX.UN stock can currently be purchased for approximately C$11.74.

How much money does Artis Real Estate Investment Trust Unit make?

Artis Real Estate Investment Trust Unit (TSE:AX.UN) has a market capitalization of C$1.36 billion and generates C$394.36 million in revenue each year.

How can I contact Artis Real Estate Investment Trust Unit?

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.

This page (TSE:AX.UN) was last updated on 8/8/2022 by MarketBeat.com Staff

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