Pure Industrial Real Estate Trust (TSE:AAR.UN)‘s stock had its “outperform” rating reaffirmed by research analysts at Scotiabank in a report issued on Monday. They currently have a C$5.75 price objective on the stock.

AAR.UN has been the subject of several other reports. CIBC boosted their target price on Pure Industrial Real Estate Trust from C$5.50 to C$5.75 in a research report on Tuesday, August 16th. Desjardins boosted their target price on Pure Industrial Real Estate Trust from C$5.25 to C$5.50 and gave the stock a “hold” rating in a research report on Tuesday, August 16th. Canaccord Genuity set a C$6.00 target price on Pure Industrial Real Estate Trust in a research report on Wednesday, July 27th. Finally, BMO Capital Markets boosted their target price on Pure Industrial Real Estate Trust from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 17th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Pure Industrial Real Estate Trust has an average rating of “Buy” and an average target price of C$5.66.

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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