Artis Real Estate Investment Trust (TSE:AX.UN) had its price objective cut by CIBC from C$14.00 to C$13.00 in a research report report published on Wednesday morning.

AX.UN has been the topic of several other reports. Scotiabank reiterated a sector perform rating and issued a C$14.50 price target on shares of Artis Real Estate Investment Trust in a report on Wednesday, October 5th. Royal Bank Of Canada reduced their price target on Artis Real Estate Investment Trust from C$14.00 to C$12.50 and set a sector perform rating on the stock in a report on Monday, November 7th. BMO Capital Markets reduced their price target on Artis Real Estate Investment Trust from C$14.00 to C$13.25 in a report on Friday, August 12th. Canaccord Genuity reduced their price target on Artis Real Estate Investment Trust from C$14.50 to C$13.00 and set a buy rating on the stock in a report on Monday, November 7th. Finally, Raymond James Financial Inc. reduced their price target on Artis Real Estate Investment Trust from C$15.00 to C$12.50 in a report on Tuesday, November 8th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of C$13.50.

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

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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