PRO Real Estate Investment Trust (CVE:PRV.UN) Trading 0.4% Higher – Time to Buy?

PRO Real Estate Investment Trust (CVE:PRV.UN) shares rose 0.4% during mid-day trading on Friday . The company 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.

Analysts Set New Price Targets

Separately, CIBC increased their price objective on shares of PRO Real Estate Investment Trust from C$6.25 to C$6.50 in a research note on Friday, November 15th.

PRO Real Estate Investment Trust Stock Performance

The company has a 50 day simple moving average of C$2.30 and a two-hundred day simple moving average 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.