Short Interest in Artis Real Estate Investment Trust (OTCMKTS:ARESF) Declines By 8.7%

Artis Real Estate Investment Trust (OTCMKTS:ARESF) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 1,399,800 shares, a decline of 8.7% from the November 15th total of 1,532,500 shares. Based on an average trading volume of 20,300 shares, the short-interest ratio is currently 69.0 days.

Artis Real Estate Investment Trust Price Performance

Shares of ARESF opened at $5.14 on Tuesday. Artis Real Estate Investment Trust has a 52 week low of $4.07 and a 52 week high of $6.01. The stock has a 50 day moving average price of $5.65 and a two-hundred day moving average price of $5.28.

Artis Real Estate Investment Trust Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a dividend of $0.0355 per share. The ex-dividend date was Friday, November 29th. This represents a yield of 7.62%. Artis Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 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.