Artis Real Estate Investment Trust Unit (TSE:AX.UN) Declares $0.05 Monthly Dividend

Artis Real Estate Investment Trust Unit (TSE:AX.UN) announced a monthly dividend on Thursday, November 28th, TickerTech reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.045 per share on Friday, December 13th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Thursday, November 28th.

Shares of AX.UN traded up C$0.10 during mid-day trading on Wednesday, reaching C$11.87. The stock had a trading volume of 206,309 shares, compared to its average volume of 252,057. The company has a debt-to-equity ratio of 112.91, a current ratio of 0.55 and a quick ratio of 0.10. Artis Real Estate Investment Trust Unit has a 52-week low of C$8.75 and a 52-week high of C$12.83. The business’s fifty day moving average is C$12.10 and its 200 day moving average is C$12.00. The firm has a market cap of $1.62 billion and a price-to-earnings ratio of 22.96.

A number of research firms have commented on AX.UN. TD Securities upped their target price on shares of Artis Real Estate Investment Trust Unit from C$13.50 to C$14.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. CIBC upped their target price on shares of Artis Real Estate Investment Trust Unit from C$12.50 to C$13.00 in a research report on Tuesday, November 5th. Royal Bank of Canada upped their target price on shares of Artis Real Estate Investment Trust Unit from C$13.00 to C$13.50 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Raymond James set a C$13.00 target price on shares of Artis Real Estate Investment Trust Unit and gave the company a “market perform” rating in a research report on Wednesday, November 6th. Finally, Canaccord Genuity upped their target price on shares of Artis Real Estate Investment Trust Unit from C$12.50 to C$13.00 in a research report on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$13.06.

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.

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Dividend History for Artis Real Estate Investment Trust Unit (TSE:AX.UN)

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