Artis Real Estate Investment Trust (OTCMKTS:ARESF) Stock Price Up 0.3% – Still a Buy?

Artis Real Estate Investment Trust (OTCMKTS:ARESF) shares rose 0.3% during mid-day trading on Wednesday . The company traded as high as $5.40 and last traded at $5.39. Approximately 9,682 shares traded hands during trading, a decline of 39% from the average daily volume of 15,823 shares. The stock had previously closed at $5.37.

Artis Real Estate Investment Trust Stock Up 0.3 %

The company’s 50 day moving average price is $5.26 and its 200-day moving average price is $5.45.

Artis Real Estate Investment Trust Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.0353 dividend. This is a positive change from Artis Real Estate Investment Trust’s previous dividend of $0.03. The ex-dividend date of this dividend was Friday, February 28th. This represents a yield of 7.77%. Artis Real Estate Investment Trust’s dividend payout ratio (DPR) is 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.