Artis Real Estate Investment Trust (TSE:AX.UN) has received a consensus rating of “Hold” from the ten analysts that are currently covering the firm. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$13.50.

A number of analysts recently weighed in on AX.UN shares. Scotiabank reiterated a “sector perform” rating and set a C$14.50 price target on shares of Artis Real Estate Investment Trust in a research note on Wednesday, October 5th. CIBC decreased their price target on shares of Artis Real Estate Investment Trust from C$14.00 to C$13.00 in a research note on Wednesday, November 9th. Royal Bank Of Canada decreased their price target on shares of Artis Real Estate Investment Trust from C$14.00 to C$12.50 and set a “sector perform” rating for the company in a research note on Monday, November 7th. BMO Capital Markets reduced their target price on shares of Artis Real Estate Investment Trust from C$14.00 to C$13.25 in a research note on Friday, August 12th. Finally, Canaccord Genuity reduced their target price on shares of Artis Real Estate Investment Trust from C$14.50 to C$13.00 and set a “buy” rating for the company in a research note on Monday, November 7th.

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Artis Real Estate Investment Trust Company 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.

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