PRO Real Estate Investment Trust (CVE:PRV.UN) Cut to Market Perform at Raymond James Financial

Raymond James Financial downgraded shares of PRO Real Estate Investment Trust (CVE:PRV.UN) from an outperform rating to a market perform rating in a research report report published on Wednesday,BayStreet.CA reports.

Separately, Desjardins lifted their price objective on shares of PRO Real Estate Investment Trust from C$6.00 to C$6.25 and gave the company a “hold” rating in a research report on Monday, October 6th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$5.96.

PRO Real Estate Investment Trust Stock Performance

Shares of CVE:PRV.UN opened at C$2.30 on Wednesday. The firm has a 50 day simple moving average of C$2.30 and a 200-day simple moving average of C$2.30. PRO Real Estate Investment Trust has a twelve month low of C$1.80 and a twelve month 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.