Artis Real Estate Investment Trust (OTCMKTS:ARESF) Sees Large Decline in Short Interest

Artis Real Estate Investment Trust (OTCMKTS:ARESF) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 1,351,000 shares, a decrease of 5.1% from the December 15th total of 1,423,200 shares. Based on an average daily volume of 17,400 shares, the days-to-cover ratio is presently 77.6 days.

Artis Real Estate Investment Trust Stock Performance

Shares of OTCMKTS:ARESF opened at $4.97 on Tuesday. The firm has a fifty day moving average price of $5.27 and a 200 day moving average price of $5.34. Artis Real Estate Investment Trust has a fifty-two week low of $4.07 and a fifty-two week high of $6.01.

Artis Real Estate Investment Trust Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.0349 per share. This represents a dividend yield of 8.42%. The ex-dividend date is Friday, January 31st. Artis Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 84.74%.

Artis Real Estate Investment Trust Company Profile

Artis is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. Artis's vision is to build a best-in-class asset management and investment platform focused on growing net asset value per unit and distributions for investors through value investing in real estate.