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

Shares of PRO Real Estate Investment Trust (CVE:PRV.UN) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$6.58.

PRV.UN has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce downgraded shares of 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 report on Friday, May 15th. 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 on the stock in a report on Thursday, June 11th. Finally, Desjardins boosted their price target on shares of PRO Real Estate Investment Trust from C$6.50 to C$6.75 and gave the stock a “hold” rating in a report on Tuesday, May 19th.

PRO Real Estate Investment Trust Trading Up 0.4%

CVE PRV.UN opened at C$2.30 on Tuesday. PRO Real Estate Investment Trust has a 1 year low of C$1.80 and a 1 year high of C$2.45. The company has a fifty day moving average price of C$2.30 and a 200-day moving average price of 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.