PRO Real Estate Investment Trust (CVE:PRV.UN – Free Report) had its price target upped by Royal Bank Of Canada from C$7.25 to C$7.50 in a research note issued to investors on Friday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.
Several other research firms have also weighed in 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 target price on the stock in a report on Thursday, June 11th. Canadian Imperial Bank of Commerce lowered shares of PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and upped their price target for the stock from C$6.75 to C$7.00 in a research note on Friday, May 15th. Desjardins boosted their price objective on PRO Real Estate Investment Trust from C$6.75 to C$7.50 and gave the stock a “buy” rating in a research note on Friday. Finally, Raymond James Financial decreased their target price on PRO Real Estate Investment Trust from C$7.50 to C$7.25 and set a “market perform” rating for the company in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, PRO Real Estate Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of C$7.21.
Read Our Latest Stock Analysis 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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