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DON'T BUY
AX.UN vs. HR.UN

In the midst of trying to decide on its strategy. Strategic review. Outcome uncertain. Challenging market in which to sell non-trophy real estate. Show-me on execution. Higher risk.

He'd own HR.UN over this one.

property mngmnt / investment
DON'T BUY

Their office holdings will be in a tough spot, but their industrial ones are doing very well and will continue to. NAV is $14-15, but shares are only at $6. So, management will have to work hard to prove to investors that there's a lot more value here. Don't buy until you see that plan.

property mngmnt / investment
DON'T BUY

Fell on hard times. Repositioning. Cut distribution. Exposure to office and retail. Leverage is too high, needing refinancing at higher levels. There's another chance of a downdraft in equity markets, so you want high quality.

property mngmnt / investment
PAST TOP PICK
(A Top Pick Oct 12/22, Down 28%)

Turnaround situation that got caught in a rising interest rate environment. Still likes it and is buying for new clients. Essentially, a creeping takeover. More upside than downside. Don't sell now, lots of positive catalysts.

property mngmnt / investment
WEAK BUY
Buy the preferred shares, repriced in September at BOC 5-year rate plus 3.3%?

Tempting. You'd get a yield of about 8% until the end of September, and 7.25% after that unless they call it back.  You could buy a 5-year GIC in a registered account, no risk, and a yield of 5.32%. Or buy a laddered group of preferreds with about 6%.

Pretty indebted, not the best credit rating, fairly illiquid. If he's going to take the risk, he really wants the reward. He doesn't love either, but the AX.UN common shares with a yield of 8.34% are a better bet right now.

property mngmnt / investment
DON'T BUY

It is reflecting a lot of REIT's with the squeeze on returns. You should look at companies that are defensive. He would pass on Artis but has a couple of others to look at. For real estate in general he likes shopping centres, but stay away from residential.

property mngmnt / investment
PAST TOP PICK
(A Top Pick Jun 15/22, Down 37%)

Most unloved asset class. Don't throw in the towel. 1/3 of business is owned by insiders. Immense pressure to be privatized, which often carries a 20-30% premium to share price. He's dollar-cost averaged down. 

property mngmnt / investment
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jan 26/23, Down 7.8%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with AX.UN has triggered its stop at $8.80.  To remain disciplined, we recommend covering the position at this time.  

property mngmnt / investment
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jan 26/23, Down 3.8%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with AX.UN is progressing well.  To remain disciplined, we recommend trailing up the stop (from $8.00) to $8.80 at this time.  

property mngmnt / investment
premium

It's a Monthly Gems opinion which is available only for Premium members

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK

Based in Winnipeg, this REIT owns property in Manitoba, BC, Arizona, Colorado, Minnesota and Wisconsin, broken down into 47% office, 32% industrial and 20% retail. Before you get alarmed over the office and retail holdings, consider Artis' 6.92x PE, 6.35% dividend yield based on a 43.8% payout ratio, and 6.5x cash flow, as Stockchaser Michael O'Reilly notes. In fact, the forward PE is 11.51x, so the market has faith in this name, even though mixed REITs have fallen out of fashion in this post-Covid world.

property mngmnt / investment
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly AX.UN REIT holds mostly industrial based properties in Canada, the US Northern Tier and Arizona. It also has some retail and office holdings. It trades under book value and 6.5x cash flow. Cash reserves have expanded to be higher than pre-pandemic levels while it has reduced debt and bought back shares. It pays a good yield backed by a payout ratio under 50% of cash flow. We recommend setting a stop-loss at $8, looking to achieve $12 -- upside potential over 20%. Yield 6.3%. (Analysts’ price target is $12.22)
property mngmnt / investment
TOP PICK
Diversified REITs are unloved. Trades around 6x FFO and pays a dividend over 6%. Discount to NAV is around 50%. Catalyst is the new management team. Those are two reasons to buy. (Analysts’ price target is $12.71)
property mngmnt / investment
BUY
TCN has a unique concept, single-family rentals south of the border. Lots of traction. Valuation too hot. Long-term scalability might be tough. For good value and a higher dividend, look at AX.UN, BEI.UN, or REI.UN.
property mngmnt / investment
TOP PICK
Diversified REIT, and nothing is more unloved these days. Low valuation. New management. Strong case for growing NAV per share. Trades at 9x FFO, an attractive valuation in today's market. Yield is 4.93%. (Analysts’ price target is $13.75)
property mngmnt / investment
DON'T BUY
Cut dividend by 50%. In midst of restructuring. Just bought Cominar's portfolio. Execution risk is very high. Occupancy levels below 90%. Missed on analysts' estimates. Lots of retail. Stay away and see what happens.
property mngmnt / investment
Showing 1 to 15 of 276 entries

Artis Real Estate Investment Trust(AX.UN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 4

Total Signals / Votes : 9

Stockchase rating for Artis Real Estate Investment Trust is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Artis Real Estate Investment Trust(AX.UN-T) Frequently Asked Questions

What is Artis Real Estate Investment Trust stock symbol?

Artis Real Estate Investment Trust is a Canadian stock, trading under the symbol AX.UN-T on the Toronto Stock Exchange (AX.UN-CT). It is usually referred to as TSX:AX.UN or AX.UN-T

Is Artis Real Estate Investment Trust a buy or a sell?

In the last year, 9 stock analysts published opinions about AX.UN-T. 5 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Artis Real Estate Investment Trust.

Is Artis Real Estate Investment Trust a good investment or a top pick?

Artis Real Estate Investment Trust was recommended as a Top Pick by on . Read the latest stock experts ratings for Artis Real Estate Investment Trust.

Why is Artis Real Estate Investment Trust stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Artis Real Estate Investment Trust worth watching?

9 stock analysts on Stockchase covered Artis Real Estate Investment Trust In the last year. It is a trending stock that is worth watching.

What is Artis Real Estate Investment Trust stock price?

On 2023-12-08, Artis Real Estate Investment Trust (AX.UN-T) stock closed at a price of $6.35.