Pure Multi-Family REIT (CVE:RUF.U) had its target price reduced by National Bank Financial from C$7.25 to C$7.00 in a research report report published on Thursday morning.
Separately, Canaccord Genuity decreased their price objective on shares of Pure Multi-Family REIT from C$7.50 to C$7.00 in a report on Friday, August 24th. Five analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and a consensus price target of C$7.18.
RUF.U stock opened at C$7.37 on Thursday. Pure Multi-Family REIT has a 52-week low of C$7.07 and a 52-week high of C$9.67.
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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