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

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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 4.59%. The ex-dividend date is Thursday, November 28th.

Shares of AX.UN stock traded up C$0.02 during trading hours on Wednesday, reaching C$11.77. 278,604 shares of the stock were exchanged, compared to its average volume of 252,057. Artis Real Estate Investment Trust Unit has a 12-month low of C$8.75 and a 12-month high of C$12.83. The company has a current ratio of 0.55, a quick ratio of 0.10 and a debt-to-equity ratio of 112.91. The company’s 50-day moving average price is C$11.99 and its 200-day moving average price is C$12.02. The firm has a market capitalization of $1.62 billion and a price-to-earnings ratio of 22.77.

Several equities research analysts have issued reports on AX.UN shares. Canaccord Genuity boosted their price objective 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. Royal Bank of Canada upped their price target on shares of Artis Real Estate Investment Trust Unit from C$13.00 to C$13.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Raymond James set a C$13.00 price target on shares of Artis Real Estate Investment Trust Unit and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Finally, CIBC upped their price target 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Artis Real Estate Investment Trust Unit currently has a consensus rating of “Hold” and a consensus price target 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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