Pure Industrial Real Estate Trust (AAR.UN) Rating Lowered to Sector Perform at Scotiabank

Scotiabank lowered shares of Pure Industrial Real Estate Trust (CVE:AAR.UN) from an outperform rating to a sector perform rating in a report issued on Wednesday, January 10th. The firm currently has C$8.10 target price on the stock, up from their prior target price of C$7.00.

Several other brokerages have also recently issued reports on AAR.UN. National Bank Financial cut Pure Industrial Real Estate Trust from an outperform rating to a tender rating and increased their price objective for the stock from C$7.00 to C$8.10 in a research note on Wednesday, January 10th. CIBC increased their price objective on Pure Industrial Real Estate Trust from C$7.25 to C$8.10 in a research note on Wednesday, January 10th. Finally, Raymond James Financial raised Pure Industrial Real Estate Trust from a market perform rating to an outperform rating in a research note on Monday, January 8th.

Shares of Pure Industrial Real Estate Trust (CVE:AAR.UN) remained flat at $C$4.95 during midday trading on Wednesday. Pure Industrial Real Estate Trust has a fifty-two week low of C$4.26 and a fifty-two week high of C$5.39. The company has a market capitalization of $673.18 and a PE ratio of 18.33.

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