RBC Capital Reiterates Their Hold Rating on Pure Industrial

By Carrie Williams

Pure Industrial (TSX: AAR.UN), the Financial sector company, has received a rating update from a Wall Street analyst on November 12. Analyst Neil Downey from RBC Capital rated Pure Industrial (TSX: AAR.UN) a Hold on on November 12, setting a C$7 price target.

According to TipRanks.com, Downey is a 5-star analyst with an average return of 9.2% and a 73.1% success rate. Downey covers the Financial sector, focusing on stocks such as Brookfield Property Partners, Colliers International Group, and FirstService Corporation.

Pure Industrial has an analyst consensus of Strong Buy, with a price target consensus of C$7.17.

Pure Industrial’s market cap is currently C$2.04B and has a P/E ratio of 4.7.

Pure Industrial Real Estate Trust operates as an open-ended real estate investment trust, which engages in property acquisition, financing, and management. Its portfolio include commercial and industrial buildings. The company was founded by Stephen J. Evans and Darren T. Latoski on June 24, 2007 and is headquartered in Vancouver, Canada.

The company’s shares closed on Tuesday at C$6.68.