Artis Real Estate Investment Trust (OTCMKTS:ARESF) Receives Consensus Recommendation of “Hold” from Analysts
Artis Real Estate Investment Trust (OTCMKTS:ARESF – Get Rating) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $13.04.
A number of equities research analysts have commented on the company. Royal Bank of Canada lifted their target price on Artis Real Estate Investment Trust from C$12.00 to C$13.00 in a research report on Monday, March 7th. National Bank Financial boosted their target price on Artis Real Estate Investment Trust from C$12.25 to C$12.50 in a research note on Monday, March 7th. BMO Capital Markets upped their price objective on Artis Real Estate Investment Trust from C$13.00 to C$14.00 in a research report on Monday, March 7th. Finally, Desjardins upped their price objective on Artis Real Estate Investment Trust from C$12.50 to C$13.50 in a research report on Wednesday, March 9th.
OTCMKTS:ARESF remained flat at $$10.51 on Tuesday. Artis Real Estate Investment Trust has a 1-year low of $8.38 and a 1-year high of $11.00. The stock’s fifty day moving average price is $10.43 and its two-hundred day moving average price is $9.72.
The firm also recently declared a dividend, which will be paid on Friday, May 13th. Shareholders of record on Friday, April 29th will be paid a $0.0396 dividend. This represents a yield of 4.34%. This is a positive change from Artis Real Estate Investment Trust’s previous dividend of $0.04. The ex-dividend date of this dividend is Thursday, April 28th.
Artis Real Estate Investment Trust Company Profile (Get Rating)
Artis is a diversified Canadian real estate investment trust investing in industrial and office properties in Canada and the United States. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in select markets in Canada and the United States.
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