Royal Bank of Canada Downgrades Pure Multi-Family REIT (CVE:RUF.UN) to Sector Perform

Royal Bank of Canada lowered shares of Pure Multi-Family REIT (CVE:RUF.UN) from an outperform rating to a sector perform rating in a research note published on Tuesday, BayStreet.CA reports. They currently have C$7.61 price target on the stock.

Other equities research analysts also recently issued reports about the stock. CIBC downgraded shares of Pure Multi-Family REIT from an outperform rating to a neutral rating and decreased their price objective for the stock from C$7.70 to C$7.61 in a research note on Monday, July 22nd. National Bank Financial downgraded shares of Pure Multi-Family REIT from an outperform rating to a sector perform rating and boosted their price objective for the stock from C$7.50 to C$7.61 in a research note on Monday, July 22nd. Finally, BMO Capital Markets downgraded shares of Pure Multi-Family REIT from an outperform rating to a market perform rating and boosted their price objective for the stock from C$7.30 to C$7.61 in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Pure Multi-Family REIT presently has a consensus rating of Hold and a consensus price target of C$7.41.

RUF.UN opened at C$8.73 on Tuesday. Pure Multi-Family REIT has a 52-week low of C$7.58 and a 52-week high of C$9.42. The company has a 50 day moving average of C$8.73 and a two-hundred day moving average of C$8.70.

Pure Multi-Family REIT Company Profile

Pure Multi-Family is a Canadian based, publicly traded vehicle which offers investors exclusive exposure to attractive, institutional quality U.S. multi-family real estate assets.

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Analyst Recommendations for Pure Multi-Family REIT (CVE:RUF.UN)

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