Pure Multi-Family REIT (CVE:RUF.U) had its price objective hoisted by research analysts at Royal Bank of Canada from C$6.75 to C$8.25 in a research note issued to investors on Tuesday, April 10th. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 11.94% from the company’s previous close.
RUF.U has been the topic of several other research reports. National Bank Financial raised their target price on Pure Multi-Family REIT from C$6.85 to C$7.90 and gave the company an “outperform” rating in a research report on Thursday, April 5th. Scotiabank decreased their target price on Pure Multi-Family REIT from C$7.10 to C$7.00 and set an “outperform” rating on the stock in a research report on Friday, March 9th. CIBC increased their price target on Pure Multi-Family REIT from C$7.00 to C$7.75 in a report on Thursday, April 5th. Finally, Laurentian set a C$6.75 price target on Pure Multi-Family REIT and gave the company a “buy” rating in a report on Thursday, March 29th. Five research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of C$7.36.
Pure Multi-Family REIT stock traded up C$0.02 during mid-day trading on Tuesday, hitting C$7.37. The company’s stock had a trading volume of 24,600 shares, compared to its average volume of 111,993. Pure Multi-Family REIT has a 1 year low of C$7.07 and a 1 year high of C$9.67.
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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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