Pure Multi-Family REIT (CVE:RUF.U) Shares Down 1.2% – Here’s What Happened

Pure Multi-Family REIT LP (CVE:RUF.U)’s stock price was down 1.2% during mid-day trading on Tuesday. The stock traded as low as C$6.43 and last traded at C$6.43. 800 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 5,401 shares. The stock had previously closed at C$6.51.

Pure Multi-Family REIT Stock Down 1.2%

The business has a 50 day simple moving average of C$6.43 and a 200-day simple moving average of C$6.43.

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).