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

Royal Bank of Canada cut shares of Pure Multi-Family REIT (TSE:RUF.UN) from an outperform rating to a sector perform rating in a research report released on Tuesday morning, Stock Target Advisor reports. The brokerage currently has C$7.61 price target on the stock.

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

Pure Multi-Family REIT stock opened at C$10.05 on Tuesday. Pure Multi-Family REIT has a 52-week low of C$8.61 and a 52-week high of C$10.20. The firm has a market capitalization of $771.13 million and a PE ratio of 15.51. The company has a quick ratio of 0.23, a current ratio of 0.33 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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