Pure Industrial Real Estate Trust (TSE:AAR.UN) had its price target boosted by stock analysts at Scotiabank from C$5.75 to C$6.00 in a report released on Friday. The brokerage presently has an “outperform” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity set a C$6.00 price objective on shares of Pure Industrial Real Estate Trust in a research report on Wednesday, July 27th. BMO Capital Markets lifted their price objective on shares of Pure Industrial Real Estate Trust from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 17th. Desjardins reaffirmed a “hold” rating and set a C$5.25 price objective on shares of Pure Industrial Real Estate Trust in a research report on Thursday, June 16th. Finally, CIBC lifted their price objective on shares of Pure Industrial Real Estate Trust from C$5.50 to C$5.75 in a research report on Tuesday, August 16th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$5.69.

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

Pure Industrial Real Estate Trust Company Profile

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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