Canaccord Genuity reiterated their buy rating on shares of Pacific Industrial & Logistics Reit PLC (LON:PILR) in a research note issued to investors on Friday morning. They currently have a GBX 135 ($1.75) target price on the stock.

Shares of Pacific Industrial & Logistics Reit PLC (PILR) opened at 126.50 on Friday. The firm has a 50-day moving average of GBX 74.41 and a 200-day moving average of GBX 110.54. Pacific Industrial & Logistics Reit PLC has a 1-year low of GBX 100.00 and a 1-year high of GBX 126.00. The firm’s market capitalization is GBX 27.14 million.

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The firm also recently declared a dividend, which was paid on Friday, July 28th. Stockholders of record on Thursday, June 1st were paid a dividend of GBX 3 ($0.04) per share. The ex-dividend date was Thursday, June 1st. This represents a dividend yield of 2.45%.

About Pacific Industrial & Logistics Reit PLC

Pacific Industrial & Logistics REIT plc is a United Kingdom-based property investment company. The Company is principally engaged in the business of property asset management across the United Kingdom. The Company invests in the United Kingdom based industrial and logistics properties with a view to delivering dividends and capital returns to its shareholders.

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