PRO Real Estate Investment Trust (CVE:PRV.UN) Receives Average Recommendation of “Hold” from Brokerages

Shares of PRO Real Estate Investment Trust (CVE:PRV.UN) have earned an average rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation. The average 1 year price objective among analysts that have covered the stock in the last year is C$6.58.

A number of brokerages have weighed in on PRV.UN. Desjardins boosted their price target on PRO Real Estate Investment Trust from C$6.50 to C$6.75 and gave the stock a “hold” rating in a research report on Tuesday, May 19th. Canadian Imperial Bank of Commerce cut PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and boosted their price target for the stock from C$6.75 to C$7.00 in a research report on Friday, May 15th. Finally, TD boosted their price target on PRO Real Estate Investment Trust from C$6.50 to C$7.00 and gave the stock a “hold” rating in a research report on Friday, May 15th.

PRO Real Estate Investment Trust Stock Up 0.4%

Shares of CVE:PRV.UN opened at C$2.30 on Tuesday. PRO Real Estate Investment Trust has a fifty-two week low of C$1.80 and a fifty-two week high of C$2.45. The business has a 50-day moving average of C$2.30 and a two-hundred day moving average of 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.