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Cdn. Yield: Corps, Trusts, GICs, Pref. Shares
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Pure Industrial given Consensus Rating of BUYPure Industrial Real Estate Trust (TSE:AAR.UN) has been assigned a consensus recommendation of “Buy” from the eight research firms that are presently covering the stock. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$5.69. Separately, Scotiabank restated an “outperform” rating and set a C$6.00 price objective on shares of Pure Industrial Real Estate Trust in a research report on Tuesday, January 31st. The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 15th will be paid a $0.026 dividend. The ex-dividend date of this dividend is Friday, January 27th. This represents a $0.31 dividend on an annualized basis and a dividend yield of Infinity. 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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