Artis Real Estate Investment Trust (OTCMKTS:ARESF) Trading Down 1.4% – Should You Sell?

Shares of Artis Real Estate Investment Trust (OTCMKTS:ARESF) were down 1.4% during mid-day trading on Thursday . The stock traded as low as $6.89 and last traded at $6.89. Approximately 3,907 shares were traded during trading, a decline of 71% from the average daily volume of 13,500 shares. The stock had previously closed at $6.9880.

Artis Real Estate Investment Trust Price Performance

The company has a 50 day moving average of $5.74 and a 200 day moving average of $5.23.

Artis Real Estate Investment Trust Cuts Dividend

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

Artis Real Estate Investment Trust Company Profile

Artis Real Estate Investment Trust is a Canada-based diversified real estate investment trust that acquires, owns, manages and develops a broad portfolio of income-producing properties. The trust’s holdings span office, industrial, retail and multi-residential asset classes, with a focus on stable cash flow and long-term value creation. Through proactive leasing strategies and targeted capital improvements, Artis seeks to maximize occupancy and rental rates across its property mix.

The trust’s real estate portfolio is concentrated in major Canadian urban markets, including Ontario, Quebec and Western Canada.