Pure Industrial Real Estate Trust (TSE:AAR.UN) had its price target hoisted by equities researchers at Scotiabank from C$6.75 to C$7.00 in a report released on Monday. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 4.79% from the stock’s previous close.
Several other research firms have also recently weighed in on AAR.UN. Royal Bank Of Canada lifted their price target 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. Desjardins lifted their price target on Pure Industrial Real Estate Trust from C$7.00 to C$7.25 and gave the stock a “buy” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$6.88.
Shares of Pure Industrial Real Estate Trust (TSE AAR.UN) opened at C$6.68 on Monday. Pure Industrial Real Estate Trust has a fifty-two week low of C$4.97 and a fifty-two week high of C$7.07.
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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.
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