Pure Multi-Family REIT LP (CVE:RUF.U) had its price objective cut by equities researchers at Raymond James Financial, Inc. from C$7.00 to C$6.50 in a research report issued to clients and investors on Tuesday. The firm currently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s price target points to a potential upside of 4.00% from the company’s previous close.

A number of other research analysts have also recently commented on RUF.U. Scotiabank decreased their target price on shares of Pure Multi-Family REIT from C$7.25 to C$7.10 and set an “outperform” rating on the stock in a research report on Monday, October 30th. Royal Bank Of Canada decreased their target price on shares of Pure Multi-Family REIT from C$7.75 to C$7.25 and set an “outperform” rating on the stock in a research report on Monday, August 14th. National Bank Financial decreased their target price on shares of Pure Multi-Family REIT from C$7.25 to C$7.00 and set an “outperform” rating on the stock in a research report on Friday, August 11th. Finally, CIBC decreased their target price on shares of Pure Multi-Family REIT from C$7.25 to C$7.00 in a research report on Friday.

Shares of Pure Multi-Family REIT (CVE RUF.U) traded up C$0.08 during mid-day trading on Tuesday, hitting C$6.25. 7,600 shares of the stock traded hands, compared to its average volume of 129,810. Pure Multi-Family REIT has a 1 year low of C$6.21 and a 1 year high of C$9.67.

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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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