Artis Real Estate Investment Trust Unit (AX.UN) Stock Price, News & Analysis

Company Overview

Artis is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. Artis's vision is to build a best-in-class asset management and investment platform focused on growing net asset value per unit and distributions for investors through value investing in real estate.

Key Stats

• Today's Range: C$7.70 to C$7.84
• 50-Day Range: C$7.51 to C$8.31
• 52-Week Range: C$5.51 to C$8.38
• Volume: 122,800 shs
• Average Volume: 171,895 shs
• Market Capitalization: C$800.03 million
• P/E Ratio: N/A
• Dividend Yield: 7.79%
• Price Target: C$7.17
• Consensus Rating: Hold

Artis Real Estate Investment Trust Unit Stock Analysis - MarketRank™

Artis Real Estate Investment Trust Unit scored higher than 24% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Artis Real Estate Investment Trust Unit has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Artis Real Estate Investment Trust Unit has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Artis Real Estate Investment Trust Unit is -3.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Artis Real Estate Investment Trust Unit is -3.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Artis Real Estate Investment Trust Unit has a P/B Ratio of 0.54. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for AX.UN.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Artis Real Estate Investment Trust Unit is a leading dividend payer. It pays a dividend yield of 7.52%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Artis Real Estate Investment Trust Unit does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for AX.UN.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.23

News Sentiment

Artis Real Estate Investment Trust Unit has a news sentiment score of 1.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Artis Real Estate Investment Trust Unit this week, compared to 0 articles on an average week.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Artis Real Estate Investment Trust Unit insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$139,705.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

17.67% of the stock of Artis Real Estate Investment Trust Unit is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

40.41% of the stock of Artis Real Estate Investment Trust Unit is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AX.UN Stock Analysis - Frequently Asked Questions

How have AX.UN shares performed this year?

Artis Real Estate Investment Trust Unit's stock was trading at C$6.63 at the start of the year. Since then, AX.UN shares have increased by 16.1% and is now trading at C$7.70.
View the best growth stocks for 2024 here.

How do I buy shares of Artis Real Estate Investment Trust Unit?

Shares of AX.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Real Estate
• Industry: REIT - Diversified
• Sub-Industry: N/A
• Current Symbol: TSE:AX.UN
• CUSIP: N/A
• CIK: N/A
• Web: www.artisreit.com
• Phone: +1-204-9471250
• Fax: N/A
• Employees: 169
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$7.17
• High Stock Price Target: C$7.50
• Low Stock Price Target: C$6.50
• Potential Upside/Downside: -6.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($2.22)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 15.95
• P/E Growth: N/A
• Net Income: C$-244,090,000.00
• Net Margins: -114.89%
• Pretax Margin: N/A
• Return on Equity: -12.55%
• Return on Assets: 0.79%

Debt

• Debt-to-Equity Ratio: 104.62
• Current Ratio: 0.78
• Quick Ratio: 0.07

Sales & Book Value

• Annual Sales: C$200.81 million
• Price / Sales: 3.98
• Cash Flow: C$0.98 per share
• Price / Cash Flow: 7.87
• Book Value: C$14.30 per share
• Price / Book: 0.54

Miscellaneous

• Outstanding Shares: 103,900,000
• Free Float: N/A
• Market Cap: C$800.03 million
• Optionable: Not Optionable
• Beta: 1.20