Shares of PRO Real Estate Investment Trust (CVE:PRV.UN – Get Free Report) have been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$6.68.
Several brokerages have recently commented on PRV.UN. TD upgraded shares of PRO Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$7.00 price target on the stock in a research note on Thursday, June 11th. Desjardins lifted their price objective on shares of PRO Real Estate Investment Trust from C$6.50 to C$6.75 and gave the company a “hold” rating in a research note on Tuesday, May 19th. Canadian Imperial Bank of Commerce cut shares of PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and upped their price objective for the stock from C$6.75 to C$7.00 in a report on Friday, May 15th. Finally, Royal Bank Of Canada set a C$7.25 target price on shares of PRO Real Estate Investment Trust and gave the stock an “outperform” rating in a research report on Wednesday, June 24th.
Check Out Our Latest Stock Report on PRO Real Estate Investment Trust
PRO Real Estate Investment Trust Trading Up 0.4%
PRO Real Estate Investment Trust Company Profile
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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