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.

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.