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

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

Analysts Set New Price Targets

PRV.UN has been the topic of a number of research reports. TD Securities increased their price objective on shares of 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 lowered their price target on shares of PRO Real Estate Investment Trust from C$6.00 to C$5.50 and set a “sector perform” rating on the stock in a research report on Wednesday, April 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$6.05.

PRO Real Estate Investment Trust Stock Up 0.4 %

The firm’s 50 day moving average is C$2.30 and its two-hundred day moving average is 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.