Artis Real Estate Investment Trust (AX.UN-T)
TSE:AX.UN
7.70
0.02
(0.26%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Weekly 52-Week Low (or 52-Week High): BAM-T, IAG-T, ONC-T, CCB-X and More 52-Week Highs and Lows (Feb 05-11)Most Anticipated Earnings: IAG-T, BDT-T and more Canadian Companies Reporting Earnings this Week (Nov 04-08)Weekly 52-Week Low (or 52-Week High): BAM-T, IAG-T, ONC-T, CCB-X and More 52-Week Highs and Lows (Oct 02-08)This summary was created by AI, based on 1 opinions in the last 12 months.
Artis Real Estate Investment Trust, traded under the symbol AX.UN-T, is currently in a phase of transition which has led to difficulties in accurate analysis. Experts note that the situation regarding the company's distribution coverage is not very clear, raising concerns among investors. There is a palpable anxiety in the market as many investors are hoping that the dividend will not face a cut during this critical period. The uncertainties surrounding its financial health and the potential impacts on dividends could create volatility. Overall, while Artis REIT is attempting to navigate these challenges, the complexities make it a less straightforward investment option at this time.
Has a rate reset spread at 330 basis points, and pays a dividend yield of 15%. Something happened to the dividend last August. Doesn't know this name well. They are selling some retail assets to add stability to the stock.
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.
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.
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.
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.
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.
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.
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.
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.
Artis Real Estate Investment Trust(AX.UN-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 2
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, 2 stock analysts published opinions about AX.UN-T. 0 analysts recommended to BUY the stock. 1 analyst 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?
2 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 2025-03-21, Artis Real Estate Investment Trust (AX.UN-T) stock closed at a price of $7.7.
In transition, difficult to analyze. Not really covering its distribution. Investors hoping dividend won't be cut.