CVE:RUF.U

6.43
0.00 (0.00%) 1d
0
HOLD
He has never really fully understood their business model. There has been a recent take out off for $7.61 US per share. This is a real offer and the money would be there. Prior to that they had worked with a third-party, so it is precluding them from engaging in the current offer. Looming in the back ground there could be other bidders that might come forward. He will continue to hold their position.
REAL ESTATE
HOLD
Owns apartments in the sunbelt in the US. Good quality assets. Likes the demographics. Last year's failed takeover of the company put a mark on the stock. Need to do acquisitions to grow. Creative management, solid earnings growth. Could be a takeout scenario.
REAL ESTATE
BUY
It is an asset class he favours. The US demand on apartments will continue to be strong. He is not as favourable to their structure and payout ratio, but it is a fine way to play to get US exposure. They could get sold and they have attractive assets. It is a good hold from here.
REAL ESTATE
HOLD
It looked like it was going to be taken over, but it did not go forward -- which may have been the driver to the sell off last year. He owns it still and likes how it held up during the market sell off. A good defensive play with a good yield. They have holdings in Texas, where there are lots of growth opportunities. He still likes the management team. Yield 6%.
REAL ESTATE
COMMENT

They own apartments in the U.S. sunbelt like Dallas. They've done a good job of executing. The recent rogue takeover attempt did lead to a positive thing--the company has formed a committee to facilitate a possible sale. They own some good properties, but the stock is now expensive. Their last numbers were good. They raised rents and have few vacancies. But it's speculative now and you could lose.

REAL ESTATE
PAST TOP PICK

(A Top Pick May 25/17 Up 4%). On Monday this week a US company said it has put a bid out for the company. The price is rumoured at $9.70 Canadian. He is one of the largest shareholders in this company. The largest shareholder group is encouraging management to engage in the offer.

REAL ESTATE
COMMENT

Has a $7.25 target. We need rentals, which is where its cash flow comes from. Sustainable 6.3% yield. He hadn't heard of breaking news that Electra America proposes to acquire Pure at US$7.59 (CDN$9.79) per share.

REAL ESTATE
HOLD

Do you see any dividend increases? They had a couple of soft quarters. He thinks the easy money in the US is gone. He thinks they have the funding to expand and it trades at good value. There is no ability to go higher. Would stand pat.

REAL ESTATE
COMMENT

Their asset class is one of the more coveted by institutions, because they are a form of lower income housing. Apartments, versus home ownership, is where a lot of people are migrating as people can’t get approval for mortgages. As a result, there has been significant rental growth in the US market, and homeownership continues to be at a multi-decade low. Hopefully that starts to reverse course, but in the interim, there is a lot of momentum for US apartments. Prefers Equity Residential (EQR-N). Dividend yield of 6%.

REAL ESTATE
HOLD

They report differently and more conservatively than other REITs and he believes the stock got hit inordinately. It will come back. One quarter does not change the business outlook. Don’t panic out of this. It will recover.

REAL ESTATE
TOP PICK

A multifamily REIT of Class A rentals in the US in the Sunbelt. The majority of assets are in Texas, one of the fastest-growing states in the US. Rental prices have been going up. Recently announced a couple of acquisitions in Arizona. Good management. Dividend yield of 5.4%. (Analysts’ price target is $7.25.)

REAL ESTATE
PAST TOP PICK

(A Top Pick Feb 3/16. Up 46%.) This got a little extra kick because of the Milestone REIT transaction. Milestone was a similar REIT, Texas apartments, and a transaction created a lot of interest in this company. It is no longer a fair value stock as it is trading closer to value now. 4.2% dividend yield.

REAL ESTATE
COMMENT

Mostly Texas and Sunbelt properties. Very high quality apartment blocks. He likes this a lot and continues to think it is good value. Good management and good real estate.

REAL ESTATE
COMMENT

A small-cap apartment REIT, but all the apartments are in the US. The majority are in the Dallas area. You are benefiting from an amazing economy. Dallas is very vibrant and there are a lot of jobs.

REAL ESTATE
COMMENT

(Market Call Minute.) A really undervalued REIT out of the US. Thinks there is significant upside in this. It is going to be hurt a little bit by rates, but the multi-family is going to be the best in this environment.

REAL ESTATE
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Pure Multi-Family REIT LP(RUF.U-X) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Pure Multi-Family REIT LP is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Pure Multi-Family REIT LP(RUF.U-X) Frequently Asked Questions

What is Pure Multi-Family REIT LP stock symbol?

Pure Multi-Family REIT LP is a Canadian stock, trading under the symbol RUF.U-X on the TSX Venture Exchange (RUF.U-CV). It is usually referred to as TSXV:RUF.U or RUF.U-X

Is Pure Multi-Family REIT LP a buy or a sell?

In the last year, there was no coverage of Pure Multi-Family REIT LP published on Stockchase.

Is Pure Multi-Family REIT LP a good investment or a top pick?

Pure Multi-Family REIT LP was recommended as a Top Pick by on . Read the latest stock experts ratings for Pure Multi-Family REIT LP.

Why is Pure Multi-Family REIT LP stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Pure Multi-Family REIT LP worth watching?

0 stock analysts on Stockchase covered Pure Multi-Family REIT LP In the last year. It is a trending stock that is worth watching.

What is Pure Multi-Family REIT LP stock price?

On 2019-04-26, Pure Multi-Family REIT LP (RUF.U-X) stock closed at a price of $6.43.