Analysts Issue Forecasts for Artis Real Estate Investment Trust’s Q3 2017 Earnings (AX)
Artis Real Estate Investment Trust (TSE:AX) – Equities research analysts at Raymond James Financial dropped their Q3 2017 earnings per share estimates for shares of Artis Real Estate Investment Trust in a research report issued on Tuesday. Raymond James Financial analyst K. Avalos now anticipates that the company will post earnings per share of $0.36 for the quarter, down from their prior forecast of $0.38. Raymond James Financial also issued estimates for Artis Real Estate Investment Trust’s FY2017 earnings at $1.44 EPS, Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.38 EPS and FY2018 earnings at $1.49 EPS.
Separately, Desjardins downgraded Artis Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th.
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The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.08 dividend on an annualized basis and a dividend yield of Infinity.
Artis Real Estate Investment Trust Company Profile
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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