Investment

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


Artis Real Estate Investment Trust (OTCMKTS:ARESFGet Rating) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 122,000 shares, a decline of 32.9% from the April 30th total of 181,900 shares. Based on an average daily volume of 6,200 shares, the days-to-cover ratio is presently 19.7 days.

Shares of ARESF opened at $9.98 on Friday. The stock has a 50 day simple moving average of $10.20 and a 200 day simple moving average of $9.77. Artis Real Estate Investment Trust has a 52-week low of $8.38 and a 52-week high of $11.00.

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 15th. Investors of record on Monday, May 30th will be given a $0.0387 dividend. The ex-dividend date of this dividend is Friday, May 27th. This represents a dividend yield of 4.77%.

Several brokerages have weighed in on ARESF. Scotiabank boosted their price objective on Artis Real Estate Investment Trust from C$13.50 to C$14.00 in a report on Tuesday, May 10th. National Bank Financial boosted their price objective on Artis Real Estate Investment Trust from C$12.25 to C$12.50 in a report on Monday, March 7th. Desjardins upped their price target on Artis Real Estate Investment Trust from C$12.50 to C$13.50 in a research note on Wednesday, March 9th. Royal Bank of Canada upped their price target on Artis Real Estate Investment Trust from C$12.00 to C$13.00 in a research note on Monday, March 7th. Finally, BMO Capital Markets upped their price target on Artis Real Estate Investment Trust from C$13.00 to C$14.00 in a research note on Monday, March 7th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.21.

Artis Real Estate Investment Trust Company Profile (Get Rating)

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.

Featured Stories



Receive News & Ratings for Artis Real Estate Investment Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Artis Real Estate Investment Trust and related companies with MarketBeat.com’s FREE daily email newsletter.

Source link

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.