Artis Real Estate Investment Trust (OTCMKTS:ARESF) Trading Up 5.5% – Time to Buy?

Artis Real Estate Investment Trust (OTCMKTS:ARESFGet Free Report)’s stock price rose 5.5% during trading on Wednesday . The stock traded as high as $5.75 and last traded at $5.75. Approximately 44,070 shares traded hands during mid-day trading, an increase of 125% from the average daily volume of 19,614 shares. The stock had previously closed at $5.45.

Artis Real Estate Investment Trust Price Performance

The firm’s fifty day moving average price is $4.67 and its 200 day moving average price is $5.06.

Artis Real Estate Investment Trust Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.0356 dividend. This represents a yield of 927.0%. The ex-dividend date was Friday, November 28th. Artis Real Estate Investment Trust’s payout ratio is 84.74%.

About Artis Real Estate Investment Trust

(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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