The Globe and Mail reports in its Saturday, Nov. 28, edition that insiders at Pure Industrial Real Estate Trust ($4.49) have shown a high level of commitment. The Globe's Ted Dixon writes in the Who's Buying and Selling column that
Pure Industrial insiders have spent more than $250,000 buying units in the public market over the past year. This month, chief executive officer Kevan Gorrie acquired 1,700 trust units at an average price of $4.49. The Globe's Peter Ashton was bullish on Pure Industrial in the Number Cruncher column on Feb. 6. The shares could then be had for $4.98. The Globe reported on March 13 that Raymond James analyst Ken Avalos had reiterated his "outperform" rating on Pure Industrial. Mr. Avalos hiked his unit target to $5.15 from $5. The units could then be had for $4.81. Mr. Avalos reiterated his "outperform" rating on Pure Industrial in The Globe's Eye On Equities column on May 20. The units could then be had for $4.97. The Globe's Jennifer Dowty recommended buying Pure Industrial in the Number Cruncher on Aug. 27. She said the units had declined making them worth considering. Pure Industrial units were then worth $4.47.
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