Bullboard - Stock Discussion Forum Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

Alternate Symbol(s): T.AX.PR.I | T.AX.UN | ARESF

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and select markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into... see more

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Artis Real Estate Investment Pref Shs Series E > Artis -> Morguard

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Post by Northforce13 on Sep 11, 2024 4:29pm

Artis -> Morguard

Sold Artis yesterday, moved the bulk of those funds into MRC today @114.52 (x3000)

MRC is not much followed by the analyst community, perhaps due to high insider ownership and non dividend policy.

MRC has moved only marginally during the recent REIT rally, presumably due to prior statement, and thereby is a "trend lagger" which I find interesting.

George Armoyan has accumulated a substantial position, and quietly joined the board recently. Those who know of him would likely consider that a nice positive.

There is little to no discussion on the MRC boards, so sadly there is not a lot of opinion sharing on the stock.

GLTA

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