Artis Real Estate Investment Trust (TSE:AX.UN) Price Target Change

In a note sent to investors and clients by Rbc Capital Markets on Monday morning, Artis Real Estate Investment Trust (TSE:AX.UN) had its PT increased to $13.50. The firm currently has “Sector Perform” rating on the stock.

According to data compiled by Thomson Reuters, Artis Real Estate Investment Trust (TSE:AX.UN)’s stock is covered by 8 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $11.17, which reflects an downside potential of 13.61% over the current price.

Artis Real Estate Investment Trust (TSE:AX.UN) Profile

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.

Artis Real Estate Investment Trust (TSE:AX.UN) traded up 0.39% on 6 March, hitting $12.93. A total of 193,280 shares of the company’s stock traded hands. This is down from average of 281,617 shares. Artis Real Estate Investment Trust has a 52 week low of $11.37 and a 52 week high of $13.77. The company has a market cap of $1.92B and a P/E ratio of 20.28.

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The post Artis Real Estate Investment Trust (TSE:AX.UN) Had Its Target Price Upped by Equity Research Analysts at RBC Capital Markets to $13.50 appeared first on Octafinance.