Pure Multi-Family REIT LP (RUF.U) Given New C$7.00 Price Target at CIBC

Pure Multi-Family REIT LP (CVE:RUF.U) had its price target trimmed by CIBC from C$7.25 to C$7.00 in a research note issued to investors on Friday.

A number of other equities analysts also recently commented on the company. Scotiabank dropped their price objective on Pure Multi-Family REIT from C$7.25 to C$7.10 and set an outperform rating on the stock in a report on Monday, October 30th. Royal Bank Of Canada dropped their price objective on Pure Multi-Family REIT from C$7.75 to C$7.25 and set an outperform rating on the stock in a report on Monday, August 14th. Raymond James Financial, Inc. dropped their price objective on Pure Multi-Family REIT from C$8.00 to C$7.00 in a report on Thursday, August 17th. Finally, National Bank Financial dropped their price objective on Pure Multi-Family REIT from C$7.25 to C$7.00 and set an outperform rating on the stock in a report on Friday, August 11th.

Pure Multi-Family REIT (RUF.U) opened at C$6.25 on Friday. Pure Multi-Family REIT has a twelve month low of C$6.21 and a twelve month 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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