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Showing 1 to 15 of 258 entries
DON'T BUY
It was a diversified REIT in the US and Canada and then there was board transition an activist shareholder has taken control to sell off the assets and reinvest the capital into other publicly traded REITs. He questions this business strategy. Choose the REITs they invested in for yourselves.
property mngmnt / investment
TOP PICK
It's exposed to western Canada, an unloved asset class, but the valuation is very attractive and the new CEO has a new plan to flexibly invest in private and public real estate. This combination is great. The dividend pays over 5%, so you're paid to wait. The CEO has a track record restructuring asset. Artis trades at a 25% discount to NAV.
property mngmnt / investment
DON'T BUY
They just announced a business transformation plan. There is quite a bit of tax leakage as a result of a recent acquisition. The portfolio is half office, a third industrial and 20% retail. They are selling industrial, to be left with retail and office. Their goal is to invest in publicly traded securities. He thinks there will be conflicts of interests.
property mngmnt / investment
HOLD
Management turnover. Waiting to hear about future plans. Owns office, retail and industrial, so there's no obvious single plan. Risk/reward questionable.
property mngmnt / investment
COMMENT
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%.
property mngmnt / investment
DON'T BUY
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)
property mngmnt / investment
DON'T BUY
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.
property mngmnt / investment
HOLD
They have been in perpetual evolution of their strategy. Activist investors may be steering their direction too much. It is a hold to him.
property mngmnt / investment
HOLD
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.
property mngmnt / investment
WATCH
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.
property mngmnt / investment
DON'T BUY
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.
property mngmnt / investment
HOLD
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.
property mngmnt / investment
DON'T BUY
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.
property mngmnt / investment
COMMENT
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.
property mngmnt / investment
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.
property mngmnt / investment
Showing 1 to 15 of 258 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 : 2

Total Signals / Votes : 3

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, 3 stock analysts published opinions about AX.UN-T. 0 analysts recommended to BUY the stock. 2 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?

3 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 2021-09-27, Artis Real Estate Investment Trust (AX.UN-T) stock closed at a price of $11.71.