Artis REIT (AX.UN) Gets a Hold Rating from Raymond James

In a latest note to investors, a research analyst has provided a rating update for the Artis REIT (AX.UNResearch Report). Raymond James’ analyst Ken Avalos reiterates their Hold rating on the shares.

According to TipRanks.com, Avalos is ranked #298 out of 5181 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Artis REIT with a C$12 average price target.

Artis REIT’s market cap is currently C$1.69B and has a P/E ratio of 16.2. The company has a Price to Book ratio of 0.74.

Artis Real Estate Investment Trust is a closed end real estate investment trust. It focuses on creating value for unit holders through the investment and ownership of quality commercial properties in select markets. The company operates through the Industrial, Retail and Office segments in Canada and the United States.

The company’s shares closed on Wednesday at C$11.63.

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