Pure Multi-Family REIT LP (RUF.U) Stock Rating Reaffirmed by Scotiabank
Pure Multi-Family REIT LP (CVE:RUF.U)‘s stock had its “outperform” rating reissued by Scotiabank in a research report issued to clients and investors on Tuesday. They presently have a C$7.00 price objective on the stock.
Separately, Canaccord Genuity lifted their target price on Pure Multi-Family REIT from C$6.50 to C$7.25 and gave the company a “buy” rating in a research report on Thursday, August 11th. Five equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of C$6.53.
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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