Pure Multi-Family REIT LP (CVE:RUF.U) had its target price dropped by stock analysts at National Bank Financial from C$7.25 to C$7.00 in a research report issued on Friday. The firm presently has an “outperform” rating on the stock.
A number of other research firms also recently issued reports on RUF.U. Scotiabank reiterated an “outperform” rating and set a C$7.50 price objective on shares of Pure Multi-Family REIT in a research note on Tuesday, July 4th. Raymond James Financial, Inc. set a C$8.00 target price on shares of Pure Multi-Family REIT and gave the company an “outperform” rating in a research note on Friday, June 9th. Finally, Royal Bank Of Canada set a C$7.75 target price on shares of Pure Multi-Family REIT and gave the company an “outperform” rating in a research note on Tuesday, May 30th.
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About Pure Multi-Family REIT
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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