PRO Real Estate Investment Trust (CVE:PRV.UN) Given Consensus Rating of “Hold” by Brokerages

PRO Real Estate Investment Trust (CVE:PRV.UN) has been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation. The average 12-month price objective among brokerages that have covered the stock in the last year is C$6.50.

A number of equities research analysts have recently issued reports on PRV.UN shares. Canadian Imperial Bank of Commerce lowered shares of PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and upped their target price for the stock from C$6.75 to C$7.00 in a report on Friday. TD raised their price target on shares of PRO Real Estate Investment Trust from C$6.50 to C$7.00 and gave the stock a “hold” rating in a research note on Friday.

PRO Real Estate Investment Trust Stock Up 0.4%

CVE PRV.UN traded up C$0.01 during mid-day trading on Friday, hitting C$2.30. The stock had a trading volume of 80,531 shares, compared to its average volume of 103,855. The firm’s 50 day moving average is C$2.30 and its 200 day moving average is 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.

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.