Artis Real Estate Investment Trust (TSE:AX.UN) has received a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$13.59.

Several analysts have issued reports on the company. Royal Bank Of Canada boosted their price objective on Artis Real Estate Investment Trust from C$12.50 to C$13.50 and gave the stock a “sector perform” rating in a report on Monday, March 6th. CIBC boosted their price objective on Artis Real Estate Investment Trust from C$13.00 to C$13.50 in a report on Friday, March 3rd. Canaccord Genuity boosted their price objective on Artis Real Estate Investment Trust from C$13.00 to C$13.50 and gave the stock a “buy” rating in a report on Friday, March 3rd. BMO Capital Markets cut their price objective on Artis Real Estate Investment Trust from C$13.25 to C$13.00 in a report on Monday, March 6th. Finally, TD Securities boosted their price objective on Artis Real Estate Investment Trust from C$14.00 to C$14.50 and gave the stock a “buy” rating in a report on Wednesday, May 10th.

TRADEMARK VIOLATION NOTICE: “Artis Real Estate Investment Trust (AX.UN) Receives Average Rating of “Hold” from Analysts” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/06/19/artis-real-estate-investment-trust-ax-un-receives-average-rating-of-hold-from-analysts-2.html.

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.

Receive News & Ratings for Artis Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artis Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.