PRO Real Estate Investment Trust (CVE:PRV.UN) Given Average Rating of “Hold” by Brokerages

Shares of PRO Real Estate Investment Trust (CVE:PRV.UN) have been given a consensus rating of “Hold” by the seven research firms that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$6.68.

A number of research analysts have recently commented on PRV.UN shares. 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 report on Thursday, June 11th. Canadian Imperial Bank of Commerce lowered PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and boosted their target price for the stock from C$6.75 to C$7.00 in a report on Friday, May 15th. Desjardins upped their target price on PRO Real Estate Investment Trust from C$6.50 to C$6.75 and gave the stock a “hold” rating in a research report on Tuesday, May 19th. Finally, Royal Bank Of Canada set a C$7.25 price target on PRO Real Estate Investment Trust and gave the company an “outperform” rating in a report on Wednesday, June 24th.

PRO Real Estate Investment Trust Price Performance

PRV.UN opened at C$2.30 on Friday. PRO Real Estate Investment Trust has a 1 year low of C$1.80 and a 1 year high of C$2.45. The stock has a fifty day moving average price of C$2.30 and a 200 day moving average price 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.