PRO Real Estate Investment Trust (CVE:PRV.UN – Get Free Report)’s stock price shot up 0.4% on Monday . The company traded as high as C$2.30 and last traded at C$2.30. Approximately 80,531 shares traded 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.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on PRV.UN. Royal Bank Of Canada set a C$7.25 price target on shares of PRO Real Estate Investment Trust and gave the company an “outperform” rating in a report on Wednesday, June 24th. Canadian Imperial Bank of Commerce downgraded shares of 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 report on Friday, May 15th. Desjardins raised their price objective on PRO Real Estate Investment Trust from C$6.50 to C$6.75 and gave the company a “hold” rating in a research report on Tuesday, May 19th. Finally, TD raised PRO Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$7.00 target price on the stock in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$6.68.
Get Our Latest Research Report on PRV.UN
PRO Real Estate Investment Trust Trading Up 0.4%
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.
Featured Stories
- Five stocks we like better than PRO Real Estate Investment Trust
- AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
- Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now
- Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?
- Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight
Receive News & Ratings for PRO Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PRO Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.
