Artis Real Estate Investment Trust (AX.UN) Receives Consensus Rating of “Hold” from Analysts

Shares of Artis Real Estate Investment Trust (TSE:AX.UN) have been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$13.61.

A number of research analysts have recently weighed in on the company. TD Securities lifted their price objective on Artis Real Estate Investment Trust from C$14.00 to C$14.50 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Canaccord Genuity cut Artis Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Scotiabank lifted their price objective on Artis Real Estate Investment Trust from C$13.50 to C$14.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 10th. Finally, Royal Bank Of Canada lifted their price objective on Artis Real Estate Investment Trust from C$13.50 to C$14.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 10th.

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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.

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

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