PRO Real Estate Investment Trust (CVE:PRV.UN) Shares Up 0.4% – Here’s What Happened

by · The Markets Daily

PRO Real Estate Investment Trust (CVE:PRV.UN – Get Free Report)’s share price shot up 0.4% during mid-day trading on Thursday. The company traded as high as C$2.30 and last traded at C$2.30. Approximately 80,531 shares changed hands 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

Several research analysts recently issued reports on PRV.UN shares. Desjardins set a C$7.50 target price on shares of PRO Real Estate Investment Trust and gave the stock a “buy” rating in a research note on Thursday, October 1st. Royal Bank Of Canada upped their price objective on shares of PRO Real Estate Investment Trust from C$7.25 to C$7.50 and gave the company an “outperform” rating in a report on Friday, August 14th. Raymond James Financial cut their price objective on shares of PRO Real Estate Investment Trust from C$7.50 to C$7.25 and set a “market perform” rating on the stock in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce upgraded PRO Real Estate Investment Trust from a “neutral” rating to an “outperformer” rating and raised their target price for the company from C$7.00 to C$7.50 in a research note on Friday, August 14th. Finally, TD raised their target price on PRO Real Estate Investment Trust from C$7.00 to C$7.50 and gave the company a “buy” rating in a research note on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, PRO Real Estate Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of C$7.45.

View Our Latest Stock Analysis on PRO Real Estate Investment Trust

PRO Real Estate Investment Trust Stock Up 0.4%

The stock has a 50 day simple moving average of C$2.30 and a 200 day simple moving average of C$2.30.

PRO Real Estate Investment Trust Company Profile

(Get Free Report)

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.

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