Royal Bank of Canada Cuts Pure Multi-Family REIT (CVE:RUF.U) Price Target to C$7.61

Pure Multi-Family REIT (CVE:RUF.U) had its price target lowered by Royal Bank of Canada from C$8.00 to C$7.61 in a report published on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other brokerages have also recently commented on RUF.U. Raymond James set a C$3.50 price target on StorageVault Canada and gave the company a strong-buy rating in a research note on Thursday, May 16th. BMO Capital Markets reiterated a buy rating on shares of Toronto-Dominion Bank in a research note on Friday, May 24th. Finally, National Bank Financial upgraded WSP Global from a sector perform rating to an outperform rating and increased their price target for the company from C$75.00 to C$79.00 in a research note on Wednesday, May 15th.

Pure Multi-Family REIT has a 12 month low of C$7.07 and a 12 month 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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