Artis Real Estate Investment Trust

AX.UN-T

Analysis and Opinions about AX.UN-T

Signal
Opinion
Expert
Chart
HOLD
HOLD
January 28, 2021
Management turnover. Waiting to hear about future plans. Owns office, retail and industrial, so there's no obvious single plan. Risk/reward questionable.
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Management turnover. Waiting to hear about future plans. Owns office, retail and industrial, so there's no obvious single plan. Risk/reward questionable.
Andrew Moffs
Price
$10.750
Owned
Unknown
COMMENT
COMMENT
September 29, 2020
They intend to spin out their western Canadian retail real assets to become an owner of office and industrial assets in North America. Investors will receive units of this new small-cap REIT, which will be difficult to value. The hope is that the office/industrial REIT will see a re-rating of its value. Spin-outs often don't create value, so he can't evaluate this for another year or longer. Don't own this during the spin, but it may offer value after the spin. They own good industrial assets in Houston, and office buildings in stable markets like Madison, WI, though these markets won't show much growth they have have been stable. The dividend is above 6%.
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They intend to spin out their western Canadian retail real assets to become an owner of office and industrial assets in North America. Investors will receive units of this new small-cap REIT, which will be difficult to value. The hope is that the office/industrial REIT will see a re-rating of its value. Spin-outs often don't create value, so he can't evaluate this for another year or longer. Don't own this during the spin, but it may offer value after the spin. They own good industrial assets in Houston, and office buildings in stable markets like Madison, WI, though these markets won't show much growth they have have been stable. The dividend is above 6%.
Andrew Moffs
Price
$8.240
Owned
Unknown
DON'T BUY
DON'T BUY
January 29, 2020
Their assets were all in Alberta. They are trying to switch their portfolio and are trying to reduce debt. They have increased their occupancy rates. They are trading at 14 times Price to AFFO. They want to become more of an Industrial portfolio. It is a work in progress. In his neutral bucket. You could probably pass on this one. Yield 4.5% (Analysts’ price target is $13.30)
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Their assets were all in Alberta. They are trying to switch their portfolio and are trying to reduce debt. They have increased their occupancy rates. They are trading at 14 times Price to AFFO. They want to become more of an Industrial portfolio. It is a work in progress. In his neutral bucket. You could probably pass on this one. Yield 4.5% (Analysts’ price target is $13.30)
DON'T BUY
DON'T BUY
January 15, 2020
Strong, experienced managers, but investors don't like the wide diversity of real estate assets this contains. Also, they have a lot of exposure to Alberta that they are selling down. They have decent U.S. exposure. Artis is okay. But managers are too responsive to activists.
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Strong, experienced managers, but investors don't like the wide diversity of real estate assets this contains. Also, they have a lot of exposure to Alberta that they are selling down. They have decent U.S. exposure. Artis is okay. But managers are too responsive to activists.
Jeffrey F. Olin
Price
$11.830
Owned
Unknown
HOLD
HOLD
November 27, 2019
They have been in perpetual evolution of their strategy. Activist investors may be steering their direction too much. It is a hold to him.
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They have been in perpetual evolution of their strategy. Activist investors may be steering their direction too much. It is a hold to him.
Jeffrey F. Olin
Price
$11.770
Owned
Unknown
HOLD
HOLD
November 4, 2019
It is a diversified REIT going through a strategic process. He cautions that there will be tax leakage in this. They have been operating out west. Don’t jump in today.
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It is a diversified REIT going through a strategic process. He cautions that there will be tax leakage in this. They have been operating out west. Don’t jump in today.
Andrew Moffs
Price
$12.360
Owned
Unknown
WATCH
WATCH
August 22, 2019
Have sold a lot of assets, cut their yield and undergoing a strategic review. A diversified portfolio across Alberta and US. Not bullish here. Rumours of a sale, but to who? It's a mishmash of assets. $14 for a take-out is fair. The yield is safe. Wait for the strategic review.
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Have sold a lot of assets, cut their yield and undergoing a strategic review. A diversified portfolio across Alberta and US. Not bullish here. Rumours of a sale, but to who? It's a mishmash of assets. $14 for a take-out is fair. The yield is safe. Wait for the strategic review.
Michelle Wearing
Price
$12.120
Owned
Unknown
DON'T BUY
DON'T BUY
May 30, 2019
Cut distribution, which caught investors by surprise. Distribution has always been in question, and she didn't see the growth. REITs get into trouble when their payout ratio is over 100%. Buying back shares should improve the stock price. This is why it's important to talk to a fund manager who will steer away from stocks where this is an issue.
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Cut distribution, which caught investors by surprise. Distribution has always been in question, and she didn't see the growth. REITs get into trouble when their payout ratio is over 100%. Buying back shares should improve the stock price. This is why it's important to talk to a fund manager who will steer away from stocks where this is an issue.
HOLD
HOLD
May 16, 2019
Complicated. They cut their distribution. A retail favored REIT with a sexy yield. Then it dropped. They are restructuring. Trading at a more reasonable valuation now. There is some upside now. Worth holding now. Good Managers.
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Complicated. They cut their distribution. A retail favored REIT with a sexy yield. Then it dropped. They are restructuring. Trading at a more reasonable valuation now. There is some upside now. Worth holding now. Good Managers.
DON'T BUY
DON'T BUY
April 25, 2019
Last year, Artis has repositioned their portfolio. Strategy going forward is to focus on mixed use, industrial. Difficulty is they're trying to change their story at a very difficult time. Difficult for value creation, had to cut the dividend. WPT is a better bet.
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Last year, Artis has repositioned their portfolio. Strategy going forward is to focus on mixed use, industrial. Difficulty is they're trying to change their story at a very difficult time. Difficult for value creation, had to cut the dividend. WPT is a better bet.
Bryden Teich
Price
$10.400
Owned
No
COMMENT
COMMENT
March 27, 2019
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.
Gavin Graham
Price
$11.090
Owned
Unknown
BUY
BUY
March 25, 2019
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.
Cole Kachur
Price
$11.090
Owned
No
WEAK BUY
WEAK BUY
March 18, 2019
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.
Greg Newman
Price
$11.050
Owned
Unknown
HOLD
HOLD
January 18, 2019
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.
Greg Newman
Price
$10.120
Owned
Unknown
DON'T BUY
DON'T BUY
December 5, 2018
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%.
Showing 1 to 15 of 255 entries

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 : 0

Total Signals / Votes : 1

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, 1 stock analyst published opinions about AX.UN-T. 0 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is HOLD. 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 Andrew Moffs on 2021-01-28. 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?

1 stock analyst 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 2021-05-14, Artis Real Estate Investment Trust (AX.UN-T) stock closed at a price of $11.07.