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

Artis Real Estate Investment Trust (OTCMKTS:ARESF)’s stock price traded down 1.4% during trading on Thursday . The stock traded as low as $6.89 and last traded at $6.89. 3,907 shares traded hands during trading, a decline of 71% from the average session volume of 13,500 shares. The stock had previously closed at $6.9880.

Artis Real Estate Investment Trust Trading Down 1.4%

The stock has a fifty day moving average price of $5.74 and a 200-day moving average price of $5.23.

Artis Real Estate Investment Trust Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.0356 dividend. This represents a dividend yield of 927.0%. The ex-dividend date of this dividend was Friday, November 28th. Artis Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 84.74%.

About Artis Real Estate Investment Trust

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.