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Artis REIT: Stocks Overvalued by Analyst Consensus on TSX (AX-UN)

AI-generated - The Globe and Mail - Sat Jul 20, 7:27PM CDT

Artis Real Estate Investment Trust is among the group of overvalued stocks on the Toronto Stock Exchange. This means the consensus value for each stock on this list is below its current price.

This report is generated monthly. It provides the close price and target price for these companies along with the number of analysts covering the stock. Also included is the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year. Stocks in this category are generally sold to preserve capital.

There may be a number of reasons why a company would be on this list. Companies with a large analyst following with a difference in price versus target are worth exploring in more detail.

SymbolNameTarget YearClose PriceTarget Price MeanCurrencyTarget Price # Estimates
LLoblaw Companies Ltd2024169.28166CAD7
HHydro One Ltd202441.0540.7857CAD7
MRUMetro Inc202582.579CAD7
XTMX Group Ltd202441.440.6667CAD6
KEYKeyera Corp202438.2838.1667CAD6
CTCCanadian Tire Corp Ltd2024210155.625CAD8
SILSilverCrest Metals Inc202412.5812.5214CAD7
CMGComputer Modelling Group Ltd202514.0413.5CAD7
FSZFiera Capital Corp20248.537.5CAD6
PLCPark Lawn Corp202426.3925.3333CAD6
WEEDCanopy Growth Corp20259.787.875CAD4
AX-UNArtis Real Estate Investment Trust20246.676.5CAD2
NRR-UNNorthview Residential REIT202417.2716.5CAD1
MRT-UNMorguard Real Estate Investment Trust20245.355.25CAD2
FCD-UNFirm Capital Property Trust20245.364.75CAD1
AKT-BAkita Drilling Ltd20243.693.25CAD1
INO-UNInovalis Real Estate Investment Trust20241.21CAD1
SOT-UNSlate Office REIT20240.280.175CAD4

All data provided as of July 19, 2024.

More about Artis Real Estate Investment Trust

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and selects markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into three categories: office, retail, and industrial.

Artis Real Estate Investment Trust is listed under AX-UN on the Toronto Stock Exchange.

Artificial intelligence at Report on Business

Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.