Artis Real Estate Investment Trust (OTCMKTS:ARESF) Price Target Increased to C$14.00 by Analysts at Scotiabank

Artis Real Estate Investment Trust (OTCMKTS:ARESFGet Rating) had its target price lifted by Scotiabank from C$13.50 to C$14.00 in a research note issued to investors on Tuesday morning, The Fly reports.

A number of other research analysts have also issued reports on ARESF. BMO Capital Markets increased their target price on shares of Artis Real Estate Investment Trust from C$13.00 to C$14.00 in a research report on Monday, March 7th. National Bank Financial lifted their price objective on shares of Artis Real Estate Investment Trust from C$12.25 to C$12.50 in a research note on Monday, March 7th. Desjardins upped their target price on Artis Real Estate Investment Trust from C$12.50 to C$13.50 in a research note on Wednesday, March 9th. Finally, Royal Bank of Canada raised their target price on Artis Real Estate Investment Trust from C$12.00 to C$13.00 in a report on Monday, March 7th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Artis Real Estate Investment Trust currently has an average rating of Hold and an average target price of $13.21.

Shares of OTCMKTS:ARESF opened at $9.04 on Tuesday. The company’s 50 day moving average price is $10.31 and its two-hundred day moving average price is $9.75. Artis Real Estate Investment Trust has a 12-month low of $8.38 and a 12-month high of $11.00.

The firm also recently declared a dividend, which was paid on Friday, May 13th. Stockholders of record on Friday, April 29th were paid a $0.0396 dividend. This is a positive change from Artis Real Estate Investment Trust’s previous dividend of $0.04. The ex-dividend date was Thursday, April 28th. This represents a dividend yield of 4.34%.

About Artis Real Estate Investment Trust (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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