PRO Real Estate Investment Trust (CVE:PRV.UN) Downgraded to “Market Perform” Rating by Raymond James Financial

PRO Real Estate Investment Trust (CVE:PRV.UN) was downgraded by stock analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday,BayStreet.CA reports.

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

PRO Real Estate Investment Trust Stock Up 0.4%

PRV.UN stock traded up C$0.01 on Wednesday, hitting C$2.30. 80,531 shares of the company’s stock were exchanged, compared to its average volume of 103,855. The firm has a 50 day moving average price of C$2.30 and a two-hundred day moving average price of C$2.30. PRO Real Estate Investment Trust has a 12-month low of C$1.80 and a 12-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.