PRO Real Estate Investment Trust (CVE:PRV.UN) Given New C$7.25 Price Target at Raymond James Financial

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price objective reduced by Raymond James Financial from C$7.50 to C$7.25 in a research report sent to investors on Friday morning,BayStreet.CA reports. They currently have a market perform rating on the stock.

PRV.UN has been the topic of a number of other research reports. Canadian Imperial Bank of Commerce lowered shares of PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and lifted their price objective for the company from C$6.75 to C$7.00 in a research note on Friday, May 15th. Desjardins boosted their price target on shares of PRO Real Estate Investment Trust from C$6.75 to C$7.50 and gave the company a “buy” rating in a report on Friday. Royal Bank Of Canada set a C$7.25 target price on PRO Real Estate Investment Trust and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Finally, TD raised PRO Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$7.00 target price on the stock in a report on Thursday, June 11th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$7.21.

PRO Real Estate Investment Trust Stock Performance

Shares of PRV.UN opened at C$2.30 on Friday. The company has a 50-day moving average of C$2.30 and a two-hundred day moving average of C$2.30. PRO Real Estate Investment Trust has a 12-month low of C$1.80 and a 12-month 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.