Artis Real Estate Investment Trust to Post FY2018 Earnings of $1.45 Per Share, National Bank Financial Forecasts (AX)
Artis Real Estate Investment Trust (TSE:AX) – Stock analysts at National Bank Financial cut their FY2018 earnings estimates for Artis Real Estate Investment Trust in a research note issued to investors on Monday. National Bank Financial analyst M. Kornack now anticipates that the company will post earnings of $1.45 per share for the year, down from their prior estimate of $1.46.
Separately, Desjardins lowered Artis Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th.
The business also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be given a $0.09 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.08 annualized dividend and a yield of Infinity.
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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