Pure Multi-Family REIT (TSE:RUF.UN) Lowered to “Sector Perform” at Royal Bank of Canada

Pure Multi-Family REIT (TSE:RUF.UN) was downgraded by equities researchers at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a note issued to investors on Tuesday, Stock Target Advisor reports. They currently have a C$7.61 target price on the stock. Royal Bank of Canada’s price objective suggests a potential downside of 24.05% from the stock’s current price.

Separately, BMO Capital Markets reaffirmed a “market perform” rating and set a C$7.61 price objective (up from C$7.30) on shares of Pure Multi-Family REIT in a report on Thursday, August 8th.

TSE RUF.UN opened at C$10.02 on Tuesday. The stock has a market cap of $768.83 million and a price-to-earnings ratio of 15.46. Pure Multi-Family REIT has a 52 week low of C$7.58 and a 52 week high of C$10.20. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 114.82.

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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Stock Target Advisor

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