Recent Investment Analysts’ Ratings Changes for Artis Real Estate Investment Trust Unit (AX.UN)

Several brokerages have updated their recommendations and price targets on shares of Artis Real Estate Investment Trust Unit (TSE: AX.UN) in the last few weeks:

  • 11/5/2018 – Artis Real Estate Investment Trust Unit had its price target lowered by analysts at TD Securities from C$14.50 to C$12.50. They now have a “buy” rating on the stock.
  • 11/5/2018 – Artis Real Estate Investment Trust Unit had its price target lowered by analysts at CIBC from C$13.50 to C$11.50.
  • 11/2/2018 – Artis Real Estate Investment Trust Unit was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They now have a C$14.50 price target on the stock.
  • 10/29/2018 – Artis Real Estate Investment Trust Unit had its price target lowered by analysts at Canaccord Genuity from C$14.00 to C$13.00.
  • 10/18/2018 – Artis Real Estate Investment Trust Unit had its price target lowered by analysts at National Bank Financial from C$13.50 to C$13.00. They now have a “sector perform” rating on the stock.

AX.UN traded up C$0.05 during trading on Thursday, reaching C$10.25. The stock had a trading volume of 382,720 shares, compared to its average volume of 252,057. Artis Real Estate Investment Trust Unit has a one year low of C$12.82 and a one year high of C$14.42.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 15th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $1.08 dividend on an annualized basis and a yield of 10.54%.

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