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

Several other equities research analysts have also recently issued reports on RUF.U. Scotiabank decreased 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 decreased 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. National Bank Financial decreased 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. Finally, Raymond James Financial, Inc. decreased their price objective on Pure Multi-Family REIT from C$8.00 to C$7.00 in a report on Thursday, August 17th.

Pure Multi-Family REIT (CVE:RUF.U) traded up C$0.12 during trading on Friday, reaching C$6.17. The company’s stock had a trading volume of 500 shares, compared to its average volume of 126,558. Pure Multi-Family REIT has a one year low of C$6.14 and a one 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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