Artis Real Estate Investment Trust (OTCMKTS:ARESF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Artis Real Estate Investment Trust (OTCMKTS:ARESF) have been given an average rating of “Hold” by the eight brokerages that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $12.20.

Several research firms have commented on ARESF. Desjardins increased their price objective on shares of Artis Real Estate Investment Trust from C$12.00 to C$12.50 and gave the company a “hold” rating in a report on Tuesday, August 10th. BMO Capital Markets raised their price target on Artis Real Estate Investment Trust from C$12.50 to C$13.00 and gave the company an “outperform” rating in a report on Tuesday, June 22nd. CIBC lifted their price objective on Artis Real Estate Investment Trust from C$12.00 to C$12.50 and gave the stock a “neutral” rating in a research note on Tuesday, June 22nd. Scotiabank boosted their price target on shares of Artis Real Estate Investment Trust from C$11.75 to C$12.50 and gave the stock a “sector perform” rating in a research report on Tuesday, June 22nd. Finally, National Bank Financial increased their price objective on shares of Artis Real Estate Investment Trust from C$11.50 to C$12.25 and gave the company a “sector perform” rating in a research report on Monday, July 19th.

ARESF opened at $9.16 on Thursday. The company has a fifty day moving average of $9.22 and a 200 day moving average of $9.05. Artis Real Estate Investment Trust has a fifty-two week low of $5.87 and a fifty-two week high of $9.59.

The company also recently disclosed a dividend, which will be paid on Friday, October 15th. Shareholders of record on Wednesday, September 29th will be paid a dividend of $0.4749 per share. This represents a yield of 5.22%. The ex-dividend date is Tuesday, September 28th.

About Artis Real Estate Investment Trust

Artis Real Estate Investment Trust engages in the ownership, management, leasing, and development of commercial properties. Its portfolio includes industrial, office, and retail properties. The company was founded by Cornelius W. V. Martens on November 8, 2004 and is headquartered in Winnipeg, Canada.

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

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