Pure Industrial Real Estate Trust (TSE:AAR.UN)‘s stock had its “outperform” rating reissued by equities research analysts at Scotiabank in a note issued to investors on Monday. They presently have a C$6.00 price objective on the stock.

A number of other research firms have also recently weighed in on AAR.UN. BMO Capital Markets increased their price target on Pure Industrial Real Estate Trust from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a report on Wednesday, August 17th. Canaccord Genuity increased their price target on Pure Industrial Real Estate Trust from C$6.00 to C$6.25 and gave the stock a “buy” rating in a report on Tuesday, August 16th. CIBC reiterated an “outperform” rating and set a C$5.75 price target on shares of Pure Industrial Real Estate Trust in a report on Friday, October 14th. Finally, Desjardins increased their price target on Pure Industrial Real Estate Trust from C$5.25 to C$5.50 and gave the stock a “hold” rating in a report on Tuesday, August 16th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Pure Industrial Real Estate Trust has a consensus rating of “Buy” and a consensus target price of C$5.69.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th were issued a dividend of $0.026 per share. This represents a $0.31 dividend on an annualized basis and a yield of Infinity. The ex-dividend date of this dividend was Thursday, October 27th.

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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