Artis REIT (AX) Upgraded at Echelon Wealth Partners - Rockland Register

Echelon Wealth Partners upgraded shares of Artis REIT (TSE:AX) from a hold rating to a buy rating in a research note released on Friday, Zacks.com reports.

Artis REIT has a one year low of C$12.82 and a one year high of C$14.42.

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Artis REIT (TSE:AX) last released its quarterly earnings results on Thursday, February 28th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.33 by C($0.28). The company had revenue of C$137.30 million for the quarter.

The firm also recently announced a monthly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were paid a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date was Thursday, March 28th.

About Artis REIT

Artis Real Estate Investment Trust (Artis) is an unincorporated closed-end real estate investment trust (REIT). The Company’s objective is to provide stable, reliable and tax efficient monthly cash distributions, as well as long-term appreciation in the value of Artis’ units. Its segments include Western Canada, which comprises British Columbia and Alberta; Central Canada, which comprises Saskatchewan and Manitoba, and Eastern Canada, which comprises Ontario.

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https://rocklandregister.com/2019/05/14/artis-reit-ax-upgraded-at-echelon-wealth-partners.html

2019-05-14 12:43:12Z
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