Short Interest in Artis Real Estate Investment Trust (OTCMKTS:ARESF) Drops By 15.5%

Artis Real Estate Investment Trust (OTCMKTS:ARESFGet Free Report) saw a significant decrease in short interest in May. As of May 15th, there was short interest totalling 1,805,000 shares, a decrease of 15.5% from the April 30th total of 2,136,300 shares. Based on an average daily volume of 8,400 shares, the days-to-cover ratio is currently 214.9 days.

Artis Real Estate Investment Trust Trading Up 0.8 %

Shares of ARESF stock opened at $4.69 on Friday. The business’s 50 day moving average is $4.71 and its two-hundred day moving average is $4.71. Artis Real Estate Investment Trust has a 12-month low of $4.07 and a 12-month high of $5.53.

Artis Real Estate Investment Trust Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.0367 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a yield of 9.27%. This is an increase from Artis Real Estate Investment Trust’s previous dividend of $0.04. Artis Real Estate Investment Trust’s dividend payout ratio is currently 84.74%.

Artis Real Estate Investment Trust Company Profile

(Get Free Report)

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.

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