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

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Pure Multi-Family REIT (TSE:RUF.UN) was downgraded by stock analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Tuesday, Stock Target Advisor reports. They currently have a C$7.61 price target on the stock. Royal Bank of Canada’s price target would suggest a potential downside of 24.43% from the stock’s current price.

Separately, BMO Capital Markets reissued 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 research report on Thursday, August 8th.

Shares of RUF.UN stock opened at C$10.07 on Tuesday. Pure Multi-Family REIT has a one year low of C$7.58 and a one year high of C$10.20. The stock has a market cap of $772.67 million and a P/E ratio of 15.54. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 114.82.

About Pure Multi-Family REIT

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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