Short Interest in Artis Real Estate Investment Trust (OTCMKTS:ARESF) Drops By 5.1%

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

Artis Real Estate Investment Trust Trading Down 3.4 %

OTCMKTS:ARESF opened at $5.14 on Tuesday. The firm’s 50 day simple moving average is $5.18 and its 200 day simple moving average is $5.36. Artis Real Estate Investment Trust has a one year low of $4.07 and a one year high of $6.01.

Artis Real Estate Investment Trust Cuts Dividend

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

Artis Real Estate Investment Trust Company Profile

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.