Artis Real Estate Investment Trust Unit (OTCMKTS:ARESF) Trading Down 16.7%

Artis Real Estate Investment Trust Unit (OTCMKTS:ARESF)’s share price dropped 16.7% during trading on Tuesday . The company traded as low as $3.84 and last traded at $3.85, approximately 10,875 shares were traded during trading. An increase of 108% from the average daily volume of 5,225 shares. The stock had previously closed at $4.62.

ARESF has been the subject of a number of research analyst reports. Scotiabank reissued a “buy” rating and set a $13.25 price target on shares of Artis Real Estate Investment Trust Unit in a report on Tuesday, March 3rd. Raymond James reissued a “hold” rating and set a $9.15 price target on shares of Artis Real Estate Investment Trust Unit in a report on Wednesday, March 18th.

The business has a fifty day moving average price of $8.31 and a 200 day moving average price of $8.94.

About Artis Real Estate Investment Trust Unit (OTCMKTS:ARESF)

Artis is a diversified Canadian real estate investment trust investing in office, retail and industrial properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and select markets in the United States.

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