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

PRO Real Estate Investment Trust (CVE:PRV.UN)’s stock price was up 0.4% during mid-day trading on Friday after National Bankshares raised their price target on the stock from C$6.00 to C$6.25. National Bankshares currently has a sector perform rating on the stock. PRO Real Estate Investment Trust traded as high as C$2.30 and last traded at C$2.30. Approximately 80,531 shares traded 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.

Other analysts have also issued reports about the company. Desjardins lifted their price target on PRO Real Estate Investment Trust from C$5.75 to C$6.00 and gave the stock a “hold” rating in a report on Friday. TD Securities lifted their price target on PRO Real Estate Investment Trust from C$5.00 to C$5.50 and gave the stock a “hold” rating in a report on Thursday, May 22nd. CIBC dropped their price target on PRO Real Estate Investment Trust from C$6.50 to C$5.75 in a report on Thursday, May 22nd. Raymond James Financial lifted their price target on PRO Real Estate Investment Trust from C$6.25 to C$6.50 and gave the stock an “outperform” rating in a report on Friday. Finally, BMO Capital Markets set a C$5.00 price target on PRO Real Estate Investment Trust and gave the stock a “market perform” rating in a report on Friday, April 25th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$5.83.

PRO Real Estate Investment Trust Price Performance

The company has a 50 day simple moving average of C$2.30 and a 200-day simple moving average of 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.