Artis REIT (TSE:AX) Lowered to Strong Sell Rating by Scotiabank

Scotiabank downgraded shares of Artis REIT (TSE:AX) from a hold rating to a strong sell rating in a report issued on Tuesday morning,Zacks.com reports.

Artis REIT Stock Performance

Artis REIT has a 1-year low of C$12.82 and a 1-year high of C$14.42.

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.