Pure Multi-Family REIT (CVE:RUF.U) had its price target hoisted by National Bank Financial from C$6.50 to C$6.85 in a research report sent to investors on Friday, March 9th. The firm currently has an outperform rating on the stock.
RUF.U has been the topic of several other reports. CIBC lowered their price target on Pure Multi-Family REIT from C$7.25 to C$7.00 in a research report on Friday, November 17th. Scotiabank lowered their price target on Pure Multi-Family REIT from C$7.10 to C$7.00 and set an outperform rating on the stock in a research report on Friday, March 9th. Raymond James Financial decreased their target price on Pure Multi-Family REIT from C$7.00 to C$6.50 and set an outperform rating on the stock in a research report on Tuesday, November 21st. Finally, Royal Bank of Canada decreased their target price on Pure Multi-Family REIT from C$7.25 to C$6.75 and set an outperform rating on the stock in a research report on Monday, November 20th. Five investment analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus price target of C$6.81.
Shares of RUF.U traded up C$0.02 during mid-day trading on Friday, reaching C$6.27. The company’s stock had a trading volume of 4,300 shares, compared to its average volume of 111,993. Pure Multi-Family REIT has a 1 year low of C$7.07 and a 1 year high of C$9.67.
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Pure Multi-Family REIT Company Profile
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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