Shares of Pure Industrial Real Estate Trust (TSE:AAR.UN) have been given an average recommendation of “Buy” by the eight analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$6.61.

AAR.UN has been the topic of a number of research analyst reports. BMO Capital Markets reissued an “outperform” rating and set a C$7.00 price objective on shares of Pure Industrial Real Estate Trust in a research report on Wednesday, April 19th. CIBC increased their price objective on shares of Pure Industrial Real Estate Trust from C$6.25 to C$7.00 in a research report on Friday, May 12th. Finally, Royal Bank Of Canada increased their price objective 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 research report on Monday, May 15th.

The business also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.026 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.31 annualized dividend and a dividend yield of Infinity.

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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.

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

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