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

AI-generated - The Globe and Mail - Sat Sep 14, 12:05AM 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
BNSBank of Nova Scotia202570.2470.1CAD10
CMCanadian Imperial Bank of Commerce202582.6981.4444CAD9
NANational Bank of Canada2025127.73127.5556CAD9
GWOGreat-West Lifeco Inc202545.4245CAD7
FTSFortis Inc202561.3460.7143CAD7
HHydro One Ltd202547.2743CAD7
EMP-AEmpire Co Ltd202540.6239.4286CAD7
KEYKeyera Corp202541.1940.6667CAD6
CTCCanadian Tire Corp Ltd2025230.49163.125CAD8
LUGLundin Gold Inc202528.7928.5455CAD11
CPXCapital Power Corp202547.3845.7CAD10
CWBCanadian Western Bank202553.5151.4714CAD7
SRU-UNSmartCentres Real Estate Investment Trust202526.5425.3571CAD7
CRT-UNCT Real Estate Investment Trust202515.9115.5CAD5
CRR-UNCrombie Real Estate Investment Trust202515.6515.4375CAD8
ALSAltius Minerals Corp202526.3126CAD6
LBLaurentian Bank of Canada202526.3426.125CAD8
HRXHeroux-Devtek Inc202531.5931.3333CAD3
AX-UNArtis Real Estate Investment Trust20257.827CAD1
CPHCipher Pharmaceuticals Inc202518.2216.5CAD2
D-UNDream Office Real Estate Investment Trust202520.4618.875CAD8
BTB-UNBTB Real Estate Investment Trust20253.523.325CAD4
FCD-UNFirm Capital Property Trust20255.75.25CAD1
TNT-UNTrue North Commercial REIT202512.6410.25CAD3
SOT-UNSlate Office REIT20250.360.15CAD3

All data provided as of September 13, 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.