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

A number of equities analysts recently weighed in on the company. Royal Bank of Canada raised their price objective 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. BMO Capital Markets cut Artis Real Estate Investment Trust Unit from an "outperform" rating to a "hold" rating and dropped their price objective for the stock from C$14.00 to C$12.00 in a report on Monday, July 4th. National Bankshares lifted their target price on shares of Artis Real Estate Investment Trust Unit from C$11.00 to C$11.50 and gave the company a "sector perform" rating in a research note on Monday. Finally, Scotiabank upped their price target on Artis Real Estate Investment Trust Unit from C$14.00 to C$14.50 in a research note on Monday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of C$13.31.

Artis Real Estate Investment Trust Unit Price Performance

Shares of AX.UN Stock traded up C$0.36 on Monday, hitting C$11.76. 345,741 shares of the stock traded hands, compared to its average volume of 397,717. The company has a debt-to-equity ratio of 79.99, a current ratio of 0.15 and a quick ratio of 0.05. Artis Real Estate Investment Trust Unit has a 52 week low of C$10.91 and a 52 week high of C$13.76. The firm has a 50 day simple moving average of C$11.90 and a two-hundred day simple moving average of C$12.52. The firm has a market cap of C$1.36 billion and a price-to-earnings ratio of 2.75.

Insider Activity

In other news, Director Salim Manji bought 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 29th. The shares were bought at an average cost of C$11.65 per share, for a total transaction of C$116,500.00. Following the completion of the transaction, the director now owns 2,315,475 shares of the company's stock, valued at C$26,975,283.75. Insiders have purchased a total of 10,210 shares of company stock worth $118,881 over the last quarter.