Shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN) have earned an average recommendation of “Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$13.00.

Several brokerages have recently issued reports on AX.UN. Desjardins lifted their price objective on Artis Real Estate Investment Trust Unit from C$11.50 to C$12.00 in a research note on Monday. 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 company a “sector perform” rating in a research note on Monday. TD Securities lifted their price objective on Artis Real Estate Investment Trust Unit from C$13.00 to C$13.50 and gave the company a “buy” rating in a research note on Monday. Canaccord Genuity lifted their price objective on Artis Real Estate Investment Trust Unit to C$11.50 and gave the company an “average” rating in a research note on Monday, March 4th. Finally, BMO Capital Markets raised Artis Real Estate Investment Trust Unit from a “market perform” rating to an “outperform” rating and raised their target price for the stock from C$12.00 to C$12.50 in a research report on Monday.

Shares of AX.UN traded up C$0.11 during midday trading on Thursday, hitting C$11.74. The company had a trading volume of 552,696 shares, compared to its average volume of 252,057. The company has a debt-to-equity ratio of 94.94, a quick ratio of 0.09 and a current ratio of 0.35. The stock has a market capitalization of $1.78 billion and a PE ratio of 9.75. Artis Real Estate Investment Trust Unit has a 1 year low of C$12.82 and a 1 year high of C$14.42.

Artis Real Estate Investment Trust Unit Company Profile

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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Analyst Recommendations for Artis Real Estate Investment Trust Unit (TSE:AX.UN)

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