Artis Real Estate Investment Trust Unit (TSE:AX.UN) has earned a consensus rating of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$13.22.

Several analysts have commented on the company. National Bank Financial dropped their price objective on Artis Real Estate Investment Trust Unit from C$13.75 to C$13.50 and set a “sector perform” rating on the stock in a report on Wednesday, August 22nd. TD Securities reduced their target price on Artis Real Estate Investment Trust Unit from C$14.50 to C$12.50 and set a “buy” rating on the stock in a research report on Monday, November 5th. Canaccord Genuity upgraded Artis Real Estate Investment Trust Unit from a “hold” rating to a “buy” rating and cut their price objective for the company from C$14.25 to C$14.00 in a report on Tuesday, August 7th. CIBC cut their price objective on Artis Real Estate Investment Trust Unit from C$13.50 to C$11.50 in a report on Monday, November 5th. Finally, Royal Bank of Canada upgraded Artis Real Estate Investment Trust Unit from a “sector perform” rating to an “outperform” rating and set a C$14.50 price objective on the stock in a report on Friday, November 2nd.

TSE AX.UN traded down C$0.26 on Thursday, reaching C$9.76. 333,239 shares of the company’s stock traded hands, compared to its average volume of 252,057. 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 business also recently declared a monthly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 15th were issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 11.07%. The ex-dividend date was Tuesday, October 30th.

About Artis Real Estate Investment Trust Unit

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Analyst Recommendations for Artis Real Estate Investment Trust Unit (TSE:AX.UN)

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