Artis Real Estate Investment Trust Unit (TSE:AX.UN) PT Raised to C$7.00 at Scotiabank

Artis Real Estate Investment Trust Unit (TSE:AX.UN) had its price objective lifted by stock analysts at Scotiabank from C$6.50 to C$7.00 in a report released on Monday, BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 9.37% from the company’s current price.

Several other equities analysts have also commented on the company. TD Securities reduced their price objective on Artis Real Estate Investment Trust Unit from C$7.00 to C$6.50 and set a “hold” rating on the stock in a research report on Monday, March 4th. Royal Bank of Canada decreased their price target on shares of Artis Real Estate Investment Trust Unit from C$7.50 to C$6.50 and set a “sector perform” rating on the stock in a research note on Monday, March 4th.

Artis Real Estate Investment Trust Unit Price Performance

Artis Real Estate Investment Trust Unit stock opened at C$6.40 on Monday. The business’s 50 day simple moving average is C$6.26 and its 200 day simple moving average is C$6.36. Artis Real Estate Investment Trust Unit has a 12 month low of C$5.51 and a 12 month high of C$7.36. The company has a market cap of C$678.59 million, a price-to-earnings ratio of -2.15 and a beta of 1.09. The company has a current ratio of 1.00, a quick ratio of 0.07 and a debt-to-equity ratio of 112.94.

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.