PRO Real Estate Investment Trust (CVE:PRV.UN) Trading Up 0.4% – Time to Buy?

Shares of PRO Real Estate Investment Trust (CVE:PRV.UN) traded up 0.4% during trading on Wednesday . The company traded as high as C$2.30 and last traded at C$2.30. 80,531 shares were traded during trading, a decline of 22% from the average session volume of 103,855 shares. The stock had previously closed at C$2.29.

Analyst Ratings Changes

Separately, Raymond James Financial cut PRO Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 14th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$5.96.

PRO Real Estate Investment Trust Price Performance

The firm has a fifty day moving average of C$2.30 and a 200-day 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.