PRO Real Estate Investment Trust (CVE:PRV.UN) Shares Up 0.4% – Time to Buy?

PRO Real Estate Investment Trust (CVE:PRV.UN)’s stock price shot up 0.4% during mid-day trading on Tuesday . The company traded as high as C$2.30 and last traded at C$2.30. 80,531 shares traded 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.

Analyst Ratings Changes

A number of brokerages have issued reports on PRV.UN. CIBC lifted their target price on shares of PRO Real Estate Investment Trust from C$6.25 to C$6.50 in a research note on Friday, November 15th. Raymond James reduced their price objective on shares of PRO Real Estate Investment Trust from C$6.50 to C$6.25 in a research note on Monday, January 13th.

PRO Real Estate Investment Trust Price Performance

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