Pure Industrial Real Estate Trust (AAR.UN) Receives Consensus Rating of “Buy” from Analysts
Pure Industrial Real Estate Trust (TSE:AAR.UN) has received an average recommendation of “Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$6.66.
Separately, Royal Bank Of Canada boosted 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 research report on Monday, August 14th.
The business also recently declared a monthly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 15th were given a dividend of $0.026 per share. This represents a $0.31 annualized dividend and a dividend yield of Infinity. The ex-dividend date of this dividend was Tuesday, August 29th.
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.
Receive News & Ratings for Pure Industrial Real Estate Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pure Industrial Real Estate Trust and related companies with MarketBeat.com's FREE daily email newsletter.