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 traded up 0.4% during trading on Wednesday . The company traded as high as C$2.30 and last traded at C$2.30. 80,531 shares were traded 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

PRV.UN has been the subject of several research reports. Raymond James Financial lifted their target price on PRO Real Estate Investment Trust from C$6.25 to C$6.50 and gave the company an “outperform” rating in a research report on Friday, August 15th. National Bankshares upped their price target on PRO Real Estate Investment Trust from C$6.00 to C$6.25 and gave the stock a “sector perform” rating in a report on Friday, August 15th. Desjardins boosted their price objective on PRO Real Estate Investment Trust from C$6.00 to C$6.25 and gave the stock a “hold” rating in a research report on Monday, October 6th. Finally, TD Securities upped their target price on shares of PRO Real Estate Investment Trust from C$5.50 to C$6.00 and gave the stock a “hold” rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$5.96.

PRO Real Estate Investment Trust Trading Up 0.4%

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