PRO Real Estate Investment Trust (CVE:PRV.UN) Shares Up 0.4%

PRO Real Estate Investment Trust (CVE:PRV.UN)’s share price rose 0.4% during mid-day trading on Friday . The stock traded as high as C$2.30 and last traded at C$2.30. Approximately 80,531 shares changed hands during trading, a decline of 22% from the average daily volume of 103,855 shares. The stock had previously closed at C$2.29.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PRV.UN. TD Securities upped their price objective on PRO Real Estate Investment Trust from C$4.75 to C$5.50 and gave the company a “hold” rating in a research note on Friday, March 22nd. National Bankshares decreased their price objective on shares of PRO Real Estate Investment Trust from C$6.00 to C$5.50 and set a “sector perform” rating for the company in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$6.05.

PRO Real Estate Investment Trust Trading Up 0.4 %

The firm has a 50-day moving average price of C$2.30 and a 200 day moving average price of C$2.30.

About PRO Real Estate Investment Trust

PROREIT is an unincorporated open-ended real estate investment trust owning a diversified portfolio of 84 commercial properties across Canada representing over 3.7 million square feet of gross leasable area. Established in 2013, PROREIT is mainly focused on strong secondary markets in Quebec, Atlantic Canada and Ontario, with selective exposure in Western Canada.