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Bullboard - Stock Discussion Forum Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

Alternate Symbol(s):  ARESF | T.AX.UN | T.AX.PR.I

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 select 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... see more

TSX:AX.PR.E - Post Discussion

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Post by DZtrader on Mar 10, 2021 4:37pm

Analysts positions

It will be interesting to see what the analysts come out and do. We have just received a couple of upgrades of late which is nice. I believe the upgrades came as our portfolio would have started to see an increase in value given where we are right now, which is in a strengthening economy that will see an uptick in asset prices as we embark on this recovery. This new strategy really puts us into another rhelm. My guess is the analysts will poo poo on this plan for a number of reasons already stated. Last thing I want to see now are downgrades to the stock.
Comment by thenewsnake on Mar 10, 2021 4:39pm
The more it goes down the more attractive it is, IMO.  Wouldnt be buying around $12, but around $10 sure
Comment by incomedreamer11 on Mar 10, 2021 4:43pm
From TD: This morning, Artis announced the results of its 100-day review. Impact: MIXED Artis unveiled several new strategic initiatives following the completion of its strategic review. Management will host a virtual zoom meeting at 11:00 ET this morning (zoom link; presentation link). At a high level, it appears the REIT will be converting to a publicly-traded private equity type fund (similar ...more  
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