Artis Real Estate Investment Trust (OTCMKTS:ARESF – Get Free Report)’s share price dropped 1% during trading on Monday . The company traded as low as $5.66 and last traded at $5.69. Approximately 36,665 shares traded hands during mid-day trading, an increase of 217% from the average daily volume of 11,549 shares. The stock had previously closed at $5.75.
Artis Real Estate Investment Trust Stock Performance
The company’s fifty day simple moving average is $5.78 and its two-hundred day simple moving average is $5.16.
Artis Real Estate Investment Trust Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.0362 dividend. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 7.27%. Artis Real Estate Investment Trust’s payout ratio 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.
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