PRO Real Estate Investment Trust (CVE:PRV.UN) Stock Price Up 0.4% – Here’s Why

Shares of PRO Real Estate Investment Trust (CVE:PRV.UN) rose 0.4% during trading on Wednesday . 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 Analysts Forecast Growth

Separately, Raymond James Financial cut shares of PRO Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 14th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, PRO Real Estate Investment Trust presently has a consensus rating of “Hold” and an average price target of C$6.15.

PRO Real Estate Investment Trust Stock Up 0.4%

The business’s 50 day moving average is C$2.30 and its 200-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.