Pure Industrial Real Estate Trust (AAR.UN) Receives Average Rating of “Buy” from Analysts
Shares of Pure Industrial Real Estate Trust (TSE:AAR.UN) have been assigned an average rating of “Buy” from the seven research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$6.66.
AAR.UN has been the subject of several recent research reports. Royal Bank Of Canada increased their price objective on Pure Industrial Real Estate Trust from C$6.75 to C$7.00 and gave the stock a “sector perform” rating in a report on Monday, August 14th. CIBC increased their price objective on Pure Industrial Real Estate Trust from C$6.25 to C$7.00 in a report on Friday, May 12th.
The company also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 15th will be issued a dividend of $0.026 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.31 annualized dividend and a dividend yield of Infinity.
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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