TSE:AX.UNArtis Real Estate Investment Trust Unit Stock Price, Forecast & News

C$7.23

+0.02 (+0.28 %)

(As of 06/2/2020 02:25 PM ET)

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Today's Range

C$7.15

Now: C$7.23▼

C$7.35

50-Day Range

C$7.10

MA: C$8.04▼

C$9.20

52-Week Range

C$5.41

Now: C$7.23▼

C$13.67

Volume213,167 shs

Average Volume252,057 shs

Market CapitalizationC$992.71 million

P/E RatioN/A

Dividend Yield7.45%

BetaN/A

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.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Artis Real Estate Investment Trust Unit has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$11.09, Artis Real Estate Investment Trust Unit has a potential upside of 53.4% from its current price of C$7.23.
Amount of Analyst Coverage
Artis Real Estate Investment Trust Unit has only been the subject of 4 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
Artis Real Estate Investment Trust Unit has received 184 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Artis Real Estate Investment Trust Unit has received 293 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Artis Real Estate Investment Trust Unit has received 61.43% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Artis Real Estate Investment Trust Unit and other stocks. Vote “Outperform” if you believe AX.UN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe AX.UN will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Artis Real Estate Investment Trust Unit is a leading dividend payer. It pays a dividend yield of 7.45%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Artis Real Estate Investment Trust Unit does not have a long track record of dividend growth.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Artis Real Estate Investment Trust Unit insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$308,117.00 in company stock and sold C$0.00 in company stock.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Artis Real Estate Investment Trust Unit are expected to decrease by -100.00% in the coming year, from C$1.41 to C$0.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Artis Real Estate Investment Trust Unit is -29.04, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Artis Real Estate Investment Trust Unit is -29.04, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Artis Real Estate Investment Trust Unit has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.09 out of 5 stars

Industry, Sector and Symbol

Stock Exchange TSE

Industry REIT - Diversified

Sub-IndustryN/A

SectorReal Estate

Current SymbolTSE:AX.UN

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.artisreit.com

Phone+1-204-9471250

Debt

Debt-to-Equity Ratio112.03

Current Ratio0.23

Quick Ratio0.11

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio5.13

P/E GrowthN/A

Sales & Book Value

Annual SalesC$511.80 million

Price / Sales1.94

Cash FlowC$0.38 per share

Price / Cash Flow18.83

Book ValueC$17.78 per share

Price / Book0.41

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

EmployeesN/A

Outstanding Shares137,304,000

Market CapC$992.71 million

Next Earnings DateN/A

OptionableNot Optionable

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Artis Real Estate Investment Trust Unit (TSE:AX.UN) Frequently Asked Questions

How has Artis Real Estate Investment Trust Unit's stock been impacted by COVID-19 (Coronavirus)?

Artis Real Estate Investment Trust Unit's stock was trading at C$11.39 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AX.UN shares have decreased by 36.5% and is now trading at C$7.23. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Artis Real Estate Investment Trust Unit?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Artis Real Estate Investment Trust Unit in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Artis Real Estate Investment Trust Unit.

How often does Artis Real Estate Investment Trust Unit pay dividends? What is the dividend yield for Artis Real Estate Investment Trust Unit?

Artis Real Estate Investment Trust Unit declared a monthly dividend on Wednesday, April 29th. Stockholders of record on Friday, May 15th will be given a dividend of 0.045 per share on Friday, May 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date of this dividend is Wednesday, April 29th. View Artis Real Estate Investment Trust Unit's dividend history.

What price target have analysts set for AX.UN?

4 analysts have issued 1 year price objectives for Artis Real Estate Investment Trust Unit's stock. Their forecasts range from C$9.50 to C$14.50. On average, they expect Artis Real Estate Investment Trust Unit's share price to reach C$11.09 in the next year. This suggests a possible upside of 53.4% from the stock's current price. View analysts' price targets for Artis Real Estate Investment Trust Unit.

Has Artis Real Estate Investment Trust Unit been receiving favorable news coverage?

Media coverage about AX.UN stock has trended positive on Tuesday, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Artis Real Estate Investment Trust Unit earned a coverage optimism score of 2.6 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutArtis Real Estate Investment Trust Unit.

Who are some of Artis Real Estate Investment Trust Unit's key competitors?

Some companies that are related to Artis Real Estate Investment Trust Unit include Charter Hall Group (CHC), Derwent London (DLN), UNITE Group (UTG), H&R Real Estate Investment Trust (HR.UN), Growthpoint Properties Australia (GOZ), Charter Hall Long WALE REIT (CLW), Viva Energy Reit (VVR), Great Portland Estates (GPOR), Abacus Property Group (ABP), Cominar REIT (CUF.UN), Centuria Metropolitan REIT (CMA), Crombie Real Estate Investment Trust (CRR.UN), Secure Income REIT (SIR), Hamborner Reit (HAB) and Charter Hall Education Trust (CQE). View all competitors.

Who are Artis Real Estate Investment Trust Unit's key executives?

Artis Real Estate Investment Trust Unit's management team includes the following people:

Mr. Armin Martens P.Eng., M.B.A., Pres, CEO & Trustee (Age 63)
Mr. James Green C.A., Chief Financial Officer (Age 61)
Mr. Frank Sherlock, Exec. VP of Property Management
Mr. Philip Martens, Exec. VP of US Region
Ms. Jaclyn Koenig, VP of Corp. Accounting

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 and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

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$7.23.

How big of a company is Artis Real Estate Investment Trust Unit?

Artis Real Estate Investment Trust Unit has a market capitalization of C$992.71 million and generates C$511.80 million in revenue each year.

What is Artis Real Estate Investment Trust Unit's official website?

The official website for Artis Real Estate Investment Trust Unit is www.artisreit.com.

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 company can be reached via phone at +1-204-9471250.

This page was last updated on 6/2/2020 by MarketBeat.com Staff