Artis Real Estate Investment Trust Unit (AX.UN) Rating Reiterated by Raymond James

Raymond James restated their market perform rating on shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN) in a report published on Wednesday, BayStreet.CA reports.

AX.UN has been the subject of a number of other reports. National Bank Financial lifted their price objective on shares of 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, May 13th. BMO Capital Markets upgraded shares of Artis Real Estate Investment Trust Unit from a market perform rating to an outperform rating and lifted their price objective for the company from C$12.00 to C$12.50 in a research note on Monday, May 13th. TD Securities lifted their price objective on shares of 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, May 13th. CIBC lifted their price objective on shares of Artis Real Estate Investment Trust Unit from C$11.50 to C$12.00 in a research note on Monday, May 13th. Finally, Desjardins lifted their price objective on shares of Artis Real Estate Investment Trust Unit from C$11.50 to C$12.00 in a research note on Monday, May 13th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of C$12.79.

Shares of AX.UN stock opened at C$11.70 on Wednesday. The company has a quick ratio of 0.09, a current ratio of 0.35 and a debt-to-equity ratio of 94.94. Artis Real Estate Investment Trust Unit has a 12-month low of C$12.82 and a 12-month high of C$14.42. The company has a market cap of $1.78 billion and a PE ratio of 9.72.

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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