Pure Industrial Real Estate Trust (AAR.UN) Announces Monthly Dividend of $0.03
Pure Industrial Real Estate Trust (TSE:AAR.UN) announced a monthly dividend on Tuesday, August 29th, TickerTech reports. Investors of record on Friday, September 15th will be given a dividend of 0.026 per share on Friday, September 15th. This represents a $0.31 annualized dividend and a yield of Infinity. The ex-dividend date is Tuesday, August 29th.
A number of analysts have weighed in on the stock. Royal Bank Of Canada raised their target price on shares of Pure Industrial Real Estate Trust from C$6.75 to C$7.00 and gave the company a “sector perform” rating in a research report on Monday, August 14th. CIBC raised their target price on shares of Pure Industrial Real Estate Trust from C$6.25 to C$7.00 in a research report on Friday, May 12th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Pure Industrial Real Estate Trust presently has an average rating of “Buy” and an average target price of C$6.66.
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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