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

PRO Real Estate Investment Trust (CVE:PRV.UN) has been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$6.68.

PRV.UN has been the topic of a number of recent research reports. 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 research note on Tuesday, May 19th. Royal Bank Of Canada set a C$7.25 price target on shares of PRO Real Estate Investment Trust and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. TD raised PRO Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$7.00 price objective on the stock in a research report on Thursday, June 11th. Finally, Canadian Imperial Bank of Commerce cut PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and increased their price objective for the company from C$6.75 to C$7.00 in a research note on Friday, May 15th.

PRO Real Estate Investment Trust Price Performance

PRV.UN traded up C$0.01 during mid-day trading on Friday, hitting C$2.30. 80,531 shares of the stock were exchanged, compared to its average volume of 103,855. The firm’s fifty day moving average is C$2.30 and its two-hundred day moving average is C$2.30. PRO Real Estate Investment Trust has a 1-year low of C$1.80 and a 1-year 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.