Artis Real Estate Investment Trust (OTCMKTS:ARESF) Short Interest Down 5.1% in December

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

Artis Real Estate Investment Trust Stock Up 0.8 %

OTCMKTS:ARESF opened at $4.97 on Friday. Artis Real Estate Investment Trust has a fifty-two week low of $4.07 and a fifty-two week high of $6.01. The firm’s fifty day simple moving average is $5.27 and its 200-day simple moving average is $5.33.

Artis Real Estate Investment Trust Cuts Dividend

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

About Artis Real Estate Investment Trust

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.