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

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

Artis Real Estate Investment Trust Stock Performance

Shares of 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 company’s 50-day simple moving average is $9.35 and its 200-day simple moving average is $9.84.

Artis Real Estate Investment Trust Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ARESF. BMO Capital Markets cut shares of 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 report on Monday, July 4th. Scotiabank boosted their price target on shares of Artis Real Estate Investment Trust from C$13.50 to C$14.00 in a research report on Tuesday, May 10th. Finally, National Bank Financial reduced their price target on shares of Artis Real Estate Investment Trust from C$12.50 to C$11.00 in a research report on Wednesday, July 20th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Artis Real Estate Investment Trust has an average rating of “Hold” and an average price target of $12.75.

Artis Real Estate Investment Trust Company Profile

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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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