Artis Real Estate Investment Trust (OTCMKTS: ARESF) Receives Average “Hold” Rating from Brokerages

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Shares of Artis Real Estate Investment Trust (OTCMKTS:ARESFGet a rating) received an average recommendation of “Hold” from the seven brokerages that currently cover the stock, MarketBeat.com reports. Two investment analysts rated the stock with a hold recommendation. The 1-year average target price among brokers who have reported on the stock in the past year is $13.21.

A number of analysts have recently commented on the stock. BMO Capital Markets raised its price target on shares of Artis Real Estate Investment Trust from C$13.00 to C$14.00 in a report released Monday, March 7. National Bank Financial raised its price target on shares of Artis Real Estate Investment Trust from C$12.25 to C$12.50 in a report released Monday, March 7. Royal Bank of Canada raised its price target on shares of Artis Real Estate Investment Trust from C$12.00 to C$13.00 in a Monday, March 7 report. Desjardins raised its price target on shares of Artis Real Estate Investment Trust from C$12.50 to C$13.50 in a Wednesday, March 9 research report. Finally, Scotiabank raised the target price of shares of Artis Real Estate Investment Trust from C$13.50 to C$14.00 in a Tuesday, May 10 research report.

ARESF action opened at $9.75 on Friday. Artis Real Estate Investment Trust has a 52 week minimum of $8.38 and a 52 week maximum of $11.00. The company’s 50-day moving average is $10.24 and its two-hundred-day moving average is $9.76.

The company also recently disclosed a dividend, which was paid on Friday, May 13. Investors of record on Friday, April 29 received a dividend of $0.0396 per share. The ex-dividend date was Thursday, April 28. This is an increase from Artis Real Estate Investment Trust’s previous dividend of $0.04. This represents a return of 4.34%.

Artis Real Estate Investment Trust Company Profile (Get a rating)

Artis is a diversified Canadian real estate investment trust that invests in industrial and office properties in Canada and the United States. Since 2004, Artis has implemented an aggressive yet disciplined growth strategy, building a portfolio of commercial properties in select markets in Canada and the United States.

Further reading

Analyst Recommendations for Artis Real Estate Investment Trust (OTCMKTS: ARESF)



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