Artis Real Estate Investment Trust (AX-UN.TO) remains stable amidst recent financial announcements and a steady occupancy rate.
This week, Artis Real Estate Investment Trust's stock closed at C$25.61, reflecting no change from the previous day. The REIT has been in the news recently with its financial results and other developments, which could influence its performance moving forward.
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Artis Real Estate Investment Trust
AX-UN.TO
AX-UN.TO
Artis Real Estate Investment Trust
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Market 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
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
Analyst ratings and price targets are updated periodically. Not financial advice.
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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.
Investor takeaway: Investors should note Artis's steady occupancy levels and financial strategies aimed at improving its balance sheet, despite the lack of recent price movement.
AX-UN.TO has seen a remarkable YTD increase of 218.53%.
Despite this impressive year-to-date performance, the stock's profit margin remains negative at -37.6%, raising concerns about its long-term sustainability.
Bull case
The REIT's occupancy rate has recently increased to 87.8%, and its cash distribution may attract income-focused investors looking for reliable returns.
Bear case
Analysts are cautious, suggesting that the stock may be overvalued based on its current performance metrics and a significant implied move to target.
Recent Performance
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Artis Real Estate Investment Trust (AX-UN.TO) closed at C$25.61 this week, marking no change from the previous day. The stock has shown remarkable growth year-to-date, up 218.53%, despite a stagnant price action over the past week.
Company News and Developments
Artis has been in the spotlight for its recent financial results, including the second quarter results which highlighted steady leasing activity and an increase in occupancy to 87.8%. Additionally, the REIT has made strides in reducing leverage and improving its balance sheet through property sales and unit repurchases. Furthermore, it announced a quarterly cash distribution of $0.449875 per Series E preferred unit, payable on September 29, 2025, and has renewed its normal course issuer bid to repurchase up to 10% of its public float.
Technical Picture
From a technical perspective, AX-UN.TO is trading significantly above its 50-day moving average of C$8.54 and its 200-day moving average of C$7.42, indicating strong momentum. The stock's 52-week range has been C$17.26 – C$34.16, with the current price at approximately 49% of this range. The stock's beta of 0.67 suggests lower volatility compared to the broader market, while the recent trading volume of 72,340 shares is below the 20-day average of 158,100 shares, indicating a decline in trading interest.
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