Artis Real Estate Investment Trust (OTCMKTS:ARESF) Short Interest Up 6.9% in May

Artis Real Estate Investment Trust (OTCMKTS:ARESF) was the target of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 1,929,500 shares, an increase of 6.9% from the May 15th total of 1,805,000 shares. Based on an average daily volume of 8,000 shares, the days-to-cover ratio is presently 241.2 days.

Artis Real Estate Investment Trust Stock Performance

Shares of ARESF opened at $4.71 on Tuesday. Artis Real Estate Investment Trust has a 1-year low of $4.07 and a 1-year high of $5.53. The company has a 50-day moving average of $4.73 and a 200 day moving average of $4.73.

Artis Real Estate Investment Trust Increases Dividend

The business also recently announced a dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, June 3rd were given a dividend of $0.0367 per share. The ex-dividend date was Friday, May 31st. This is a positive change from Artis Real Estate Investment Trust’s previous dividend of $0.04. This represents a dividend yield of 9.27%. Artis Real Estate Investment Trust’s dividend payout ratio (DPR) is 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.