PRO Real Estate Investment Trust (CVE:PRV.UN) Given Average Recommendation of “Hold” by Analysts

Shares of PRO Real Estate Investment Trust (CVE:PRV.UN) have been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$6.68.

A number of brokerages have issued reports on PRV.UN. Royal Bank Of Canada set a C$7.25 price objective on shares of PRO Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Wednesday, June 24th. Desjardins lifted their target price on shares of PRO Real Estate Investment Trust from C$6.50 to C$6.75 and gave the company a “hold” rating in a research note on Tuesday, May 19th. Canadian Imperial Bank of Commerce cut shares of PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and boosted their price target for the company from C$6.75 to C$7.00 in a research report on Friday, May 15th. Finally, TD raised shares of PRO Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$7.00 price target for the company in a research note on Thursday, June 11th.

PRO Real Estate Investment Trust Stock Up 0.4%

Shares of PRV.UN stock opened at C$2.30 on Friday. The stock has a fifty day moving average of C$2.30 and a 200 day moving average of C$2.30. PRO Real Estate Investment Trust has a 52 week low of C$1.80 and a 52 week high of C$2.45.

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.