PRO Real Estate Investment Trust (CVE:PRV.UN) Trading 0.4% Higher – Here’s What Happened

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 traded hands during mid-day 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 Analyst Weigh In

A number of equities research analysts have recently commented on the stock. TD Securities increased their target price on shares of PRO Real Estate Investment Trust from C$5.00 to C$5.50 and gave the company a “hold” rating in a research report on Thursday, May 22nd. National Bankshares raised their target price on PRO Real Estate Investment Trust from C$5.00 to C$5.50 and gave the stock a “sector perform” rating in a research note on Thursday, May 22nd. Raymond James Financial lifted their price target on PRO Real Estate Investment Trust from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. BMO Capital Markets set a C$5.00 price target on shares of PRO Real Estate Investment Trust and gave the company a “market perform” rating in a research report on Friday, April 25th. Finally, CIBC cut their price objective on shares of PRO Real Estate Investment Trust from C$6.50 to C$5.75 in a research report on Thursday, May 22nd.

PRO Real Estate Investment Trust Trading Up 0.4%

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.