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

PRO Real Estate Investment Trust (CVE:PRV.UN) shares were up 0.4% on Monday . The stock traded as high as C$2.30 and last traded at C$2.30. Approximately 80,531 shares were traded during trading, a decline of 22% from the average daily volume of 103,855 shares. The stock had previously closed at C$2.29.

Analyst Ratings Changes

Several brokerages have commented on PRV.UN. Raymond James lowered their price objective on shares of PRO Real Estate Investment Trust from C$6.50 to C$6.25 in a research report on Monday, January 13th. CIBC lifted their price objective on PRO Real Estate Investment Trust from C$6.25 to C$6.50 in a report on Friday, November 15th.

PRO Real Estate Investment Trust Price Performance

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

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.