PRO Real Estate Investment Trust (CVE:PRV.UN) Given New C$5.50 Price Target at National Bankshares

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price target lowered by National Bankshares from C$6.00 to C$5.50 in a report issued on Wednesday, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

A number of other research firms have also weighed in on PRV.UN. Raymond James raised their price objective on shares of PRO Real Estate Investment Trust from C$6.00 to C$6.25 and gave the company an outperform rating in a research note on Tuesday, January 30th. TD Securities raised their price target on shares of PRO Real Estate Investment Trust from C$4.75 to C$5.50 and gave the company a hold rating in a report on Friday, March 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of C$6.05.

PRO Real Estate Investment Trust Stock Performance

CVE:PRV.UN opened at C$2.30 on Wednesday. PRO Real Estate Investment Trust has a fifty-two week low of C$1.80 and a fifty-two week high of C$2.45. The firm has a 50-day simple moving average of C$2.30 and a two-hundred day simple moving average 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.