Artis Real Estate Investment Trust has seen significant price movement this year, with its stock performance raising questions among investors.
Artis Real Estate Investment Trust (AX-UN.TO) has been on a remarkable trajectory in 2023, boasting a year-to-date gain of over 218%. However, the stock has remained flat this week, closing at C$25.61 on Monday. With no major company news to drive price action, investors are left to assess the technical landscape and broader market context.
Advertisement
Artis Real Estate Investment Trust
AX-UN.TO
AX-UN.TO
Artis Real Estate Investment Trust
WealthAwesomeMarket cap
$846.42M
Div. yield
6.52%
Div. / share
$0.60
52W high
$34.16
52W low
$17.26
1W change
+0.00%
Beta
0.67
Analyst Price Targets
Based on analyst covering AX-UN · as of Sep 17, 2026
Wall Street analysts forecast AX-UN stock price to fall 70.7% over the next 12 months.
Consensus
BearishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$7.50
-70.7% Upside
Current Price
C$25.61
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on AX-UN's historical volatility
30-Day Vol
71.7%
Annualized
90-Day Vol
211.6%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$30.62
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$27.18 | C$21.22 – C$34.81 |
| 60 trading days | C$28.85 | C$20.33 – C$40.93 |
| 90 trading days | C$30.62 | C$19.95 – C$47.00 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Advertisement
Investor takeaway: Artis REIT's stock has demonstrated impressive year-to-date performance, but its recent price stability may indicate a period of consolidation. Investors should consider the technical indicators and recent company developments when making decisions.
Artis REIT's stock is up 218.53% year-to-date.
Advertisement
The stock's impressive performance contrasts sharply with its average analyst target of C$7.50, indicating a potential disconnect between market sentiment and analyst expectations.
Bull case
The REIT's consistent leasing activity and improved occupancy rates suggest it has a resilient business model, even in challenging market conditions. Additionally, the declared cash distributions may provide a reliable income stream for investors.
Bear case
Despite its strong year-to-date performance, analysts maintain a bearish outlook, with an average target price significantly below the current trading level. Concerns about the company's financial health persist, especially given negative profit margins and return on equity.
Best next step
Keep exploring this topic
If you want to go deeper, these are the most useful follow-up pages and tools for this topic.
Broker comparison
Best trading platforms in Canada
Compare $0-commission brokers before you act on a ticker story.
Safe cash
Best GIC rates in Canada
If the story makes you want to de-risk, compare guaranteed rates next.
HISA roundup
Best high-interest savings accounts
Keep dry powder in a no-fee savings account instead of chequing.
TFSA room
Check TFSA contribution room
Shelter the next contribution before you buy.
Advertisement
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile →✅ Reviewed by Certified Financial Professionals
This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
⚠️ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
