Artis Real Estate Investment Trust (OTCMKTS:ARESF) Stock Price Down 1.8% – Time to Sell?

Artis Real Estate Investment Trust (OTCMKTS:ARESF)’s stock price fell 1.8% on Thursday . The company traded as low as $5.71 and last traded at $5.71. 13,385 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 11,862 shares. The stock had previously closed at $5.8160.

Artis Real Estate Investment Trust Price Performance

The business’s 50-day moving average price is $5.21 and its 200-day moving average price is $5.13.

Artis Real Estate Investment Trust Cuts Dividend

The firm 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 currently 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.