Scotiabank Trims Pure Multi-Family REIT LP (RUF.U) Target Price to C$7.10

Pure Multi-Family REIT LP (CVE:RUF.U) had its price objective decreased by Scotiabank from C$7.25 to C$7.10 in a research note released on Monday morning. Scotiabank currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Raymond James Financial, Inc. decreased their price target on shares of Pure Multi-Family REIT from C$8.00 to C$7.00 in a research note on Thursday, August 17th. National Bank Financial decreased their price target 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 note on Friday, August 11th. Finally, Royal Bank Of Canada decreased their price target 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 note on Monday, August 14th.

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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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