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

Several other analysts have also issued reports on the company. Canaccord Genuity set a C$6.00 target price on Pure Industrial Real Estate Trust in a research note on Wednesday, July 27th. BMO Capital Markets boosted their price objective on Pure Industrial Real Estate Trust from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research note on Wednesday, August 17th. Desjardins reiterated a “hold” rating and set a C$5.25 price objective on shares of Pure Industrial Real Estate Trust in a research note on Thursday, June 16th. Finally, CIBC boosted their price objective on Pure Industrial Real Estate Trust from C$5.50 to C$5.75 in a research note on Tuesday, August 16th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target 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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