Artis Real Estate Investment Trust Unit (TSE:AX.UN) Price Target Raised to C$7.00 at Scotiabank

Artis Real Estate Investment Trust Unit (TSE:AX.UN) had its price objective upped by Scotiabank from C$6.50 to C$7.00 in a report issued on Monday morning, BayStreet.CA reports.

Several other research firms have also recently commented on AX.UN. Royal Bank of Canada lowered their price target on Artis Real Estate Investment Trust Unit from C$7.50 to C$6.50 and set a sector perform rating for the company in a report on Monday, March 4th. TD Securities dropped their price target on shares of Artis Real Estate Investment Trust Unit from C$7.00 to C$6.50 and set a hold rating for the company in a research report on Monday, March 4th.

Artis Real Estate Investment Trust Unit Price Performance

Artis Real Estate Investment Trust Unit stock opened at C$6.38 on Monday. The stock has a market capitalization of C$676.47 million, a P/E ratio of -2.14 and a beta of 1.09. Artis Real Estate Investment Trust Unit has a 12-month low of C$5.51 and a 12-month high of C$7.36. The company has a debt-to-equity ratio of 112.94, a current ratio of 1.00 and a quick ratio of 0.07. The firm’s 50-day moving average is C$6.28 and its two-hundred day moving average is C$6.36.

Artis Real Estate Investment Trust Unit Company Profile

Artis is a diversified Canadian real estate investment trust investing in office, retail and industrial properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and select markets in the United States.