Pure Industrial Real Estate Trust (AAR.UN) Given New C$6.50 Price Target at Scotiabank

Pure Industrial Real Estate Trust (TSE:AAR.UN) had its target price hoisted by equities research analysts at Scotiabank from C$6.25 to C$6.50 in a note issued to investors on Thursday, StockTargetPrices.com reports. The firm currently has an “outperform” rating on the stock.

A number of other research analysts have also recently weighed in on AAR.UN. National Bank Financial reiterated an “outperform” rating and set a C$6.75 price objective on shares of Pure Industrial Real Estate Trust in a research report on Thursday, April 6th. Eight Capital upped their price target on shares of Pure Industrial Real Estate Trust from C$5.75 to C$6.15 and gave the stock a “buy” rating in a report on Friday, March 10th. BMO Capital Markets upped their price target on shares of Pure Industrial Real Estate Trust from C$6.00 to C$6.45 in a report on Thursday, March 9th. Finally, Desjardins restated a “buy” rating and issued a C$6.25 price target on shares of Pure Industrial Real Estate Trust in a report on Wednesday, March 8th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$6.24.

Analyst Recommendations for Pure Industrial Real Estate Trust (TSE:AAR.UN)

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About Pure Industrial Real Estate Trust

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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