PRO Real Estate Investment Trust (CVE:PRV.UN) Stock Price Expected to Rise, CIBC Analyst Says

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price objective upped by CIBC from C$6.25 to C$6.50 in a report released on Friday,BayStreet.CA reports.

PRO Real Estate Investment Trust Stock Up 0.4 %

PRO Real Estate Investment Trust stock opened at C$2.30 on Friday. The firm’s fifty day moving average price is C$2.30 and its 200-day moving average price is C$2.30. 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.

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.