Artis Real Estate Investment Trust (AX.UN-T) Stock Predictions - Stockchase
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Artis Real Estate Investment Trust (AX.UN-T)

ON STOCKCHASE SINCE Feb 2007

Formerly Westfield REIT

property mngmnt/investment

Artis Real Estate Investm...

AX.UN-T

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Artis Real Estate Investment Trust (AX.UN-T) SAVE Apr, 19, 2019, 9:08 am

10.64 0.08 (0.76%)

What the experts are saying about AX.UN-T



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They cut their payout. This has been a long-term disappointment, down 30% in the past five years because western Canada is struggling. However, they've done a good job in secondary markets in the U.S. The yield is still above 4%. Now is a good time to consider it, but the tax-loss selling may continue.
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They cut their payout. This has been a long-term disappointment, down 30% in the past five years because western Canada is struggling. However, they've done a good job in secondary markets in the U.S. The yield is still above 4%. Now is a good time to consider it, but the tax-loss selling may continue.
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Gavin Graham

Trustee, Pointbreak ETFs...

Price Price
$11.090
Owned Owned
Unknown

BUY
A diversified REIT, mostly in Canada and a little in Texas and northern US. It's performed like all REITs. There's more upside after recovering from the late-2018 plunge. This sector will do well--he sees 5-10% upside with Artis. Artis pays a good 5% dividend. It'll move up, because interest rates will stay flat. This is an income play.
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A diversified REIT, mostly in Canada and a little in Texas and northern US. It's performed like all REITs. There's more upside after recovering from the late-2018 plunge. This sector will do well--he sees 5-10% upside with Artis. Artis pays a good 5% dividend. It'll move up, because interest rates will stay flat. This is an income play.
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Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$11.090
Owned Owned
No

WEAK BUY
They're buying back shares. They're tilting towards industrials, a better area. It's at a 53% payout ratio and trades at 10.8x, and trades at a cheap 17% discount to NAV. But they aren't growing as fast as their peers (2% vs. 5%) and fairly levered with 57% debt. It has turned the corner, though. You will do okay owning at these levels.
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They're buying back shares. They're tilting towards industrials, a better area. It's at a 53% payout ratio and trades at 10.8x, and trades at a cheap 17% discount to NAV. But they aren't growing as fast as their peers (2% vs. 5%) and fairly levered with 57% debt. It has turned the corner, though. You will do okay owning at these levels.
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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$11.050
Owned Owned
Unknown

HOLD
They cut their payout by 50% and are selling lots of assets to reduce debt. He sees growth of 0.8%. It's very cheap and trading at a discount. A safe hold and safe dividend.
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They cut their payout by 50% and are selling lots of assets to reduce debt. He sees growth of 0.8%. It's very cheap and trading at a discount. A safe hold and safe dividend.
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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$10.120
Owned Owned
Unknown

DON'T BUY
This REIT has had a couple of challenging years. They have made some tough decisions, including cutting their dividend. Although he applauds their efforts, it is late in the cycle to be doing this. The yield is now 5.6% and it does not stand out at that level. Yield 5.6%.
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This REIT has had a couple of challenging years. They have made some tough decisions, including cutting their dividend. Although he applauds their efforts, it is late in the cycle to be doing this. The yield is now 5.6% and it does not stand out at that level. Yield 5.6%.
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Joshua Varghese

Portfolio , Signature Global Ass...

Price Price
$9.690
Owned Owned
No

DON'T BUY
They cut their payout ratio by 50% and selling non-core assets. Their debt-to-fair value is a little high. Not much growth here. One good thing is it's cheap with a low payout ratio, so dividend is safe.
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They cut their payout ratio by 50% and selling non-core assets. Their debt-to-fair value is a little high. Not much growth here. One good thing is it's cheap with a low payout ratio, so dividend is safe.
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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$9.780
Owned Owned
Unknown

DON'T BUY

They just missed their Q2. He sees -3% AFFO growth into 2019. 106% payout ratio not fully funded and has high debt. Good news is that occupancy is increasing. It's very cheap at 11.5x earnings. But there are better names that have sold down during this correction. But you'll probably be okay with this as long as the economy stays strong. 9.5% dividend.

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They just missed their Q2. He sees -3% AFFO growth into 2019. 106% payout ratio not fully funded and has high debt. Good news is that occupancy is increasing. It's very cheap at 11.5x earnings. But there are better names that have sold down during this correction. But you'll probably be okay with this as long as the economy stays strong. 9.5% dividend.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$11.420
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick March 9/18 Down 8%) He doesn’t mind getting paid a good dividend to wait. This got hurt especially because of the exposure to the Calgary market.  He thinks the dividend is safe going forward. He continues to like it.  You should own real estate, especially if you are looking for income. It trades at 20% discount to NAV, which he sees as a safety net in the event of a global market meltdown. Yield 8.9%

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(A Top Pick March 9/18 Down 8%) He doesn’t mind getting paid a good dividend to wait. This got hurt especially because of the exposure to the Calgary market.  He thinks the dividend is safe going forward. He continues to like it.  You should own real estate, especially if you are looking for income. It trades at 20% discount to NAV, which he sees as a safety net in the event of a global market meltdown. Yield 8.9%

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Rob Tetrault

Portfolio , Tetrault Wealth Advi...

Price Price
$12.380
Owned Owned
Yes

HOLD

Fine to hold for the dividend, though there are better REITs. Experienced management that will maintain the yield. They are improving their portfolio. You're fine to own this.

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Fine to hold for the dividend, though there are better REITs. Experienced management that will maintain the yield. They are improving their portfolio. You're fine to own this.

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Joshua Varghese

Portfolio , Signature Global Ass...

Price Price
$12.730
Owned Owned
Unknown

BUY

They are adding to their U.S. assets. He's owned this in the past, but sold it when oil was over $100 years ago. Has a $14 target and likes Artis.

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They are adding to their U.S. assets. He's owned this in the past, but sold it when oil was over $100 years ago. Has a $14 target and likes Artis.

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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$12.640
Owned Owned
No

DON'T BUY

Haven’t looked at it for 2 years. REIT sector hasn’t had great tailwinds, with rates going up. But now REITs have outperformed the TSX. Artis reissued securities, has assets in the US. Balance sheet getting a bit better, solid management. But company is unfocussed. Other REITs are doing better. Struggling to find its identity. Avoid it.

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Haven’t looked at it for 2 years. REIT sector hasn’t had great tailwinds, with rates going up. But now REITs have outperformed the TSX. Artis reissued securities, has assets in the US. Balance sheet getting a bit better, solid management. But company is unfocussed. Other REITs are doing better. Struggling to find its identity. Avoid it.

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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$12.590
Owned Owned
No

HOLD

This started as a Western Canadian focused REIT and has expanded into the US.  Their payout ratio is a little higher than others, but overtime this is an investment that will pay well and he has faith they will work to lower the leverage on the balance sheet.  Yield 8.4%.  

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This started as a Western Canadian focused REIT and has expanded into the US.  Their payout ratio is a little higher than others, but overtime this is an investment that will pay well and he has faith they will work to lower the leverage on the balance sheet.  Yield 8.4%.  

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Michael Simpson

Senior Vic, Sentry Investments...

Price Price
$12.770
Owned Owned
Yes

HOLD

The chart is acting well. It needs to rise above $14, and he's concerned about its volumes. It looks blah, waiting for some news. You could own it.

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The chart is acting well. It needs to rise above $14, and he's concerned about its volumes. It looks blah, waiting for some news. You could own it.

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Elliott Fishman

Director o, Trading Services Gro...

Price Price
$13.340
Owned Owned
Unknown

HOLD

He's owned this in the past, but sold it a few years ago because of its Alberta exposure. Now, he's starting to warm up to it. If Alberta comes back, this will do well. He's looking at it, but wouldn't but it yet. A hold.

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He's owned this in the past, but sold it a few years ago because of its Alberta exposure. Now, he's starting to warm up to it. If Alberta comes back, this will do well. He's looking at it, but wouldn't but it yet. A hold.

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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$13.440
Owned Owned
No

DON'T BUY

This missed their last quarter, which was weak, partially due to climbing interest rates. He has owned this on and off, not now. They have exposure out west, but are deciding what to do with those properties. This is difficult to own. It pays a high, sustainable yield. He plays defence in REITs, given rising rates and the lingering Amazon issue. Artis is too problematic now.

property mngmnt/investment
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This missed their last quarter, which was weak, partially due to climbing interest rates. He has owned this on and off, not now. They have exposure out west, but are deciding what to do with those properties. This is difficult to own. It pays a high, sustainable yield. He plays defence in REITs, given rising rates and the lingering Amazon issue. Artis is too problematic now.

property mngmnt/investment
0 0 0 0 0
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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$13.560
Owned Owned
Unknown

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