Pure Industrial Real Estate Trust (TSE:AAR.UN) declared a monthly dividend on Thursday, July 27th, TickerTech reports. Investors of record on Tuesday, August 15th will be paid a dividend of 0.026 per share on Tuesday, August 15th. This represents a $0.31 annualized dividend and a yield of Infinity. The ex-dividend date is Thursday, July 27th.

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A number of research firms have recently commented on AAR.UN. Royal Bank Of Canada increased their target price on shares of Pure Industrial Real Estate Trust from C$6.00 to C$6.75 and gave the stock a “sector perform” rating in a report on Monday, May 15th. CIBC increased their target price on shares of Pure Industrial Real Estate Trust from C$6.25 to C$7.00 in a report on Friday, May 12th. BMO Capital Markets reissued an “outperform” rating and issued a C$7.00 target price on shares of Pure Industrial Real Estate Trust in a report on Wednesday, April 19th. Scotiabank increased their target price on shares of Pure Industrial Real Estate Trust from C$6.25 to C$6.50 and gave the stock an “outperform” rating in a report on Thursday, April 6th. Finally, National Bank Financial reissued an “outperform” rating and issued a C$6.75 target price on shares of Pure Industrial Real Estate Trust in a report on Thursday, April 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$6.58.

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.

Dividend History for Pure Industrial Real Estate Trust (TSE:AAR.UN)

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