National Bankshares Lowers PRO Real Estate Investment Trust (CVE:PRV.UN) Price Target to C$5.50

PRO Real Estate Investment Trust (CVE:PRV.UN) had its target price trimmed by National Bankshares from C$6.00 to C$5.50 in a report released on Wednesday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other equities analysts also recently issued reports on PRV.UN. TD Securities upped their price objective on shares of PRO Real Estate Investment Trust from C$4.75 to C$5.50 and gave the company a hold rating in a report on Friday, March 22nd. Raymond James increased their price target on shares of PRO Real Estate Investment Trust from C$6.00 to C$6.25 and gave the stock an outperform rating in a report on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, PRO Real Estate Investment Trust has an average rating of Hold and an average target price of C$6.05.

PRO Real Estate Investment Trust Stock Performance

PRV.UN opened at C$2.30 on Wednesday. PRO Real Estate Investment Trust has a 52-week low of C$1.80 and a 52-week high of C$2.45. The firm’s 50-day moving average price is C$2.30 and its 200-day moving average price is C$2.30.

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.