PRO Real Estate Investment Trust (CVE:PRV.UN) Receives Consensus Rating of “Hold” from Analysts

PRO Real Estate Investment Trust (CVE:PRV.UN) has received an average rating of “Hold” from the six research firms that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation. The average 1 year price target among brokerages that have covered the stock in the last year is C$6.50.

Several research analysts have recently commented on the company. TD lifted their price target on PRO Real Estate Investment Trust from C$6.50 to C$7.00 and gave the stock a “hold” rating in a report on Friday. Canadian Imperial Bank of Commerce cut shares of PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and raised their price objective for the stock from C$6.75 to C$7.00 in a research report on Friday.

PRO Real Estate Investment Trust Stock Up 0.4%

CVE:PRV.UN traded up C$0.01 during trading hours on Friday, hitting C$2.30. The company had a trading volume of 80,531 shares, compared to its average volume of 103,855. The company has a 50-day moving average of C$2.30 and a 200 day moving average of C$2.30. PRO Real Estate Investment Trust has a 1 year low of C$1.80 and a 1 year high of C$2.45.

PRO Real Estate Investment Trust Company Profile

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.