Artis Real Estate Investment Trust (OTCMKTS:ARESF – Get Rating) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 897,200 shares, an increase of 21.5% from the April 15th total of 738,400 shares. Based on an average daily volume of 7,000 shares, the short-interest ratio is currently 128.2 days.
Artist Real Estate Investment Trust Price Performance
OTCMKTS ARESF opened at $5.20 on Friday. The company has a 50-day simple moving average of $5.53 and a 200-day simple moving average of $6.42. Artis Real Estate Investment Trust has a 52-week low of $4.94 and a 52-week high of $10.43.
Artist Real Estate Investment Trust Increases Dividend
The business also recently declared a dividend, which will be paid on Monday, May 15th. Stockholders of record on Friday, April 28th will be issued a dividend of $0.0374 per share. This is a boost from Artis Real Estate Investment Trust’s previous dividend of $0.04. This represents a dividend yield of 8.15%. The ex-dividend date is Thursday, April 27th. Artis Real Estate Investment Trust’s payout ratio is currently 84.74%.
Analyst Upgrades and Downgrades
ARESF has been the subject of several analyst reports. Scotiabank reduced their target price on Artis Real Estate Investment Trust from C$12.25 to C$10.50 in a report on Thursday, March 2nd. National Bank Financial reduced their price target on shares of Artis Real Estate Investment Trust from C$9.00 to C$8.00 in a research report on Tuesday, April 18th. Finally, Royal Bank of Canada reduced their price target on shares of Artis Real Estate Investment Trust from C$11.00 to C$9.00 in a research report on Thursday, March 2nd.
About Artis Real Estate Investment Trust
(Get Rating)
Artis Real Estate Investment Trust is involved in the ownership, management, leasing, and development of commercial properties. Its portfolio includes industrial, office, and retail properties. The company was founded by Cornelius WV Martens on November 8, 2004 and is headquartered in Winnipeg, Canada.
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