Artis Real Estate Investment Trust to Post Q4 2017 Earnings of $0.35 Per Share, Desjardins Forecasts (TSE:AX)
Artis Real Estate Investment Trust (TSE:AX) – Desjardins cut their Q4 2017 earnings per share estimates for Artis Real Estate Investment Trust in a report issued on Monday. Desjardins analyst M. Markidis now forecasts that the company will post earnings of $0.35 per share for the quarter, down from their prior forecast of $0.36. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Artis Real Estate Investment Trust’s FY2019 earnings at $1.46 EPS.
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The business also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a $0.09 dividend. This represents a $1.08 annualized dividend and a yield of Infinity. The ex-dividend date is Thursday, July 27th.
About Artis Real Estate Investment Trust
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.
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