Pure Multi-Family REIT (CVE:RUF.U) had its price target trimmed by Scotiabank from C$7.10 to C$7.00 in a research note published on Friday morning. The brokerage currently has an outperform rating on the stock.
A number of other research firms have also commented on RUF.U. Raymond James Financial reduced their price objective on shares of Pure Multi-Family REIT from C$7.00 to C$6.50 and set an outperform rating on the stock in a research note on Tuesday, November 21st. Royal Bank of Canada reduced their price objective on shares of Pure Multi-Family REIT from C$7.25 to C$6.75 and set an outperform rating on the stock in a research note on Monday, November 20th. Finally, CIBC reduced their price objective on shares of Pure Multi-Family REIT from C$7.25 to C$7.00 in a research note on Friday, November 17th.
Shares of Pure Multi-Family REIT (CVE RUF.U) opened at C$6.12 on Friday. Pure Multi-Family REIT has a 12 month low of C$5.95 and a 12 month high of C$9.67. The company has a market cap of $469.59 and a price-to-earnings ratio of 9.42.
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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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