Artis Real Estate Investment Trust (OTCMKTS:ARESF) Receives Average Rating of “Hold” from Brokerages
Shares of Artis Real Estate Investment Trust (OTCMKTS:ARESF – Get Rating) have received an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation. The average 1-year target price among brokers that have issued a report on the stock in the last year is $13.21.
A number of analysts recently commented on the stock. BMO Capital Markets boosted their target price on shares in Artis Real Estate Investment Trust from C$13.00 to C$14.00 in a report on Monday, March 7th. National Bank Financial boosted their target price on shares in Artis Real Estate Investment Trust from C$12.25 to C$12.50 in a report on Monday, March 7th. Royal Bank of Canada boosted their target price on shares in Artis Real Estate Investment Trust from C$12.00 to C$13.00 in a report on Monday, March 7th. Desjardins lifted their target price on shares in Artis Real Estate Investment Trust from C$12.50 to C$13.50 in a research report on Wednesday, March 9th. Finally, Scotiabank lifted their target price on shares in Artis Real Estate Investment Trust from C$13.50 to C$14.00 in a research report on Tuesday, May 10th.
ARESF stock opened at $9.75 on Friday. Artis Real Estate Investment Trust has a 52 week low of $8.38 and a 52 week high of $11.00. The firm’s 50-day moving average is $10.24 and its two-hundred day moving average is $9.76.
The business also recently disclosed a dividend, which was paid on Friday, May 13th. Investors of record on Friday, April 29th were given a dividend of $0.0396 per share. The ex-dividend date of this dividend was Thursday, April 28th. This is an increase from Artis Real Estate Investment Trust’s previous dividend of $0.04. This represents a yield of 4.34%.
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.
Further Reading
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