Pure Industrial Real Estate Trust (TSE:AAR.UN)‘s stock had its “outperform” rating reaffirmed by equities researchers at CIBC in a report issued on Friday. They currently have a C$5.75 target price on the stock.

Several other research analysts have also issued reports on the company. Canaccord Genuity set a C$6.00 price target on Pure Industrial Real Estate Trust in a research report on Wednesday, July 27th. BMO Capital Markets raised their price objective on Pure Industrial Real Estate Trust from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 17th. Scotiabank reaffirmed an “outperform” rating and set a C$5.50 price objective on shares of Pure Industrial Real Estate Trust in a research note on Monday, August 15th. Finally, Desjardins reaffirmed a “hold” rating and set a C$5.25 price objective on shares of Pure Industrial Real Estate Trust in a research note on Thursday, June 16th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Pure Industrial Real Estate Trust presently has an average rating of “Buy” and a consensus target price of C$5.69.

Analyst Recommendations for Pure Industrial Real Estate Trust (TSE:AAR.UN)

About Pure Industrial Real Estate Trust

Pure Industrial Real Estate Trust (PIRET) is a Canada-based unincorporated, open-ended investment trust that owns and operates a portfolio of income-producing industrial properties. The Trust’s primary objectives are to generate stable and growing cash distributions from investments in income producing industrial properties in markets across Canada and distribution and logistics markets in the United States; to maximize the long-term value of the properties through active management, and to expand its asset base and increase its distributable income through an accretive acquisition program.

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