Artis Real Estate Investment Trust (OTCMKTS:ARESF) Sees Significant Increase in Short Interest

Artis Real Estate Investment Trust (OTCMKTS:ARESFGet Rating) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 458,200 shares, an increase of 25.3% from the June 30th total of 365,800 shares. Based on an average trading volume of 600 shares, the short-interest ratio is presently 763.7 days.

Analyst Ratings Changes

A number of equities analysts have issued reports on ARESF shares. Scotiabank raised their target price on Artis Real Estate Investment Trust from C$13.50 to C$14.00 in a report on Tuesday, May 10th. BMO Capital Markets lowered Artis Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a research report on Monday, July 4th. Finally, National Bank Financial dropped their target price on Artis Real Estate Investment Trust from C$12.50 to C$11.00 in a research report on Wednesday, July 20th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.75.

Artis Real Estate Investment Trust Price Performance

Artis Real Estate Investment Trust stock opened at $8.96 on Tuesday. Artis Real Estate Investment Trust has a 52 week low of $8.38 and a 52 week high of $11.00. The stock has a fifty day moving average of $9.35 and a 200-day moving average of $9.84.

Artis Real Estate Investment Trust Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 29th will be given a $0.0384 dividend. The ex-dividend date of this dividend is Thursday, July 28th. This represents a dividend yield of 5.27%.

About Artis Real Estate Investment Trust

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Artis is a diversified Canadian real estate investment trust investing in industrial and office properties in Canada and the United States. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in select markets in Canada and the United States.

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