National Bank Financial downgraded shares of Pure Multi-Family REIT (CVE:RUF.U) from an outperform rating to a sector perform rating in a report released on Friday morning, BayStreet.CA reports. National Bank Financial currently has C$7.61 price objective on the stock, up from their prior price objective of C$7.50.
A number of other research firms have also recently commented on RUF.U. BMO Capital Markets reaffirmed a buy rating on shares of Toronto-Dominion Bank in a research note on Friday, May 24th. Royal Bank of Canada lifted their price target 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 reaffirmed an average rating and set a $127.00 price target on shares of Franco Nevada in a research note on Friday. Finally, Raymond James set a C$3.50 price target on shares of StorageVault Canada and gave the stock a strong-buy rating in a research note on Thursday, May 16th.
Pure Multi-Family REIT has a 52 week low of C$7.07 and a 52 week high of C$6.43.
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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