National Bank Financial cut shares of Pure Multi-Family REIT (CVE:RUF.U) from an outperform rating to a sector perform rating in a report published on Friday morning, BayStreet.CA reports. They currently have C$7.61 price objective on the stock, up from their previous price objective of C$7.50.
RUF.U has been the subject of several other research reports. Royal Bank of Canada boosted their price objective on shares of Sleep Country Canada from C$19.00 to C$20.00 and gave the stock a sector perform rating in a research note on Friday. Canaccord Genuity reiterated an average rating and set a $127.00 price objective on shares of Franco Nevada in a research note on Friday. Raymond James set a C$3.50 price objective on shares of StorageVault Canada and gave the stock a strong-buy rating in a research note on Thursday, May 16th. Finally, BMO Capital Markets reiterated a buy rating on shares of Toronto-Dominion Bank in a research note on Friday, May 24th.
Pure Multi-Family REIT has a 52 week low of C$7.07 and a 52 week high of C$6.43.
Pure Multi-Family REIT Company Profile
Pure Multi-Family REIT LP (Pure Multi) is a Canada-based company, which invests in multi-family real estate properties in the United States. The Company offers investors exposure to the United States multifamily real estate assets. It offers investors the ability to participate in monthly distributions, with potential for capital appreciation, stemming from ownership of quality apartment assets located in core cities within the Southwestern and Southeastern portions of the United States, including states, such as Texas, Arizona, Georgia and Nevada (collectively, the Sunbelt).
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