Pure Multi-Family REIT (CVE:RUF.U) received a C$7.00 price objective from investment analysts at Raymond James in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock.
Separately, National Bank Financial upped their price objective on shares of Pure Multi-Family REIT from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research note on Wednesday.
Pure Multi-Family REIT has a 12 month low of C$7.07 and a 12 month high of C$9.67.
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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