Artis Real Estate Investment Trust Unit's (TSE:AX.UN) “Market Perform” Rating Reiterated at Raymond James - Slater Sentinel

Raymond James reiterated their market perform rating on shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN) in a research report sent to investors on Tuesday, August 6th, BayStreet.CA reports. Raymond James currently has a C$12.00 price target on the stock.

Several other analysts have also recently commented on AX.UN. Desjardins raised their price target on Artis Real Estate Investment Trust Unit from C$11.50 to C$12.00 in a report on Monday, May 13th. BMO Capital Markets raised Artis Real Estate Investment Trust Unit from a market perform rating to an outperform rating and raised their price target for the company from C$12.00 to C$12.50 in a report on Monday, May 13th. CIBC lifted their price objective on Artis Real Estate Investment Trust Unit from C$11.50 to C$12.00 in a report on Monday, May 13th. TD Securities lifted their price objective on Artis Real Estate Investment Trust Unit from C$13.50 to C$14.00 and gave the stock a buy rating in a report on Friday, August 2nd. Finally, National Bank Financial lifted their price objective on Artis Real Estate Investment Trust Unit from C$12.00 to C$13.50 and gave the stock a sector perform rating in a report on Monday, May 13th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of C$12.69.

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Shares of AX.UN stock opened at C$12.24 on Tuesday. The company has a quick ratio of 0.15, a current ratio of 0.69 and a debt-to-equity ratio of 110.46. The company has a 50 day moving average of C$11.79. The stock has a market cap of $1.84 billion and a P/E ratio of 32.82. Artis Real Estate Investment Trust Unit has a twelve month low of C$8.75 and a twelve month high of C$12.85.

The business also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th will be issued a $0.045 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.41%. Artis Real Estate Investment Trust Unit’s dividend payout ratio (DPR) is 144.77%.

About Artis Real Estate Investment Trust Unit

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.

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https://slatersentinel.com/news/2019/08/14/artis-real-estate-investment-trust-unit-tseax-un-given-a-c12-00-price-target-at-raymond-james.html

2019-08-14 10:11:26Z
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