Artis Real Estate Investment Trust Unit (TSE:AX.UN) PT Lowered to C$9.00

Artis Real Estate Investment Trust Unit (TSE:AX.UN – Get Rating) had its price target decreased by stock analysts at Scotiabank from C$10.50 to C$9.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 29.50% from the stock’s current price.

A number of other analysts also recently commented on the company. Royal Bank of Canada decreased their target price on Artis Real Estate Investment Trust Unit from C$9.00 to C$8.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 16th. National Bankshares decreased their target price on Artis Real Estate Investment Trust Unit from C$8.00 to C$7.75 and set a “sector perform” rating on the stock in a research report on Tuesday, May 16th. Finally, TD Securities decreased their target price on Artis Real Estate Investment Trust Unit from C$9.00 to C$7.50 and set a “hold” rating on the stock in a research report on Tuesday, May 16th.

Artis Real Estate Investment Trust Unit Trading Down 0.1 %

Shares of AX.UN stock opened at C$6.95 on Friday. The business’s fifty day moving average price is C$7.35 and its 200 day moving average price is C$8.60. Artis Real Estate Investment Trust Unit has a 1-year low of C$6.66 and a 1-year high of C$13.21. The firm has a market capitalization of C$792.72 million, a PE ratio of -36.58 and a beta of 1.16. The company has a debt-to-equity ratio of 99.42, a current ratio of 0.30 and a quick ratio of 0.07.

Insider Activity

In other news, Director Samir Aziz Manji bought 10,000 shares of the stock in a transaction on Friday, March 3rd. The shares were purchased at an average price of C$8.74 per share, for a total transaction of C$87,400.00. 15.99% of the stock is currently owned by corporate insiders.

Artis Real Estate Investment Trust Unit Company Profile

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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.