PRO Real Estate Investment Trust (CVE:PRV.UN) Trading 0.4% Higher – Time to Buy?

PRO Real Estate Investment Trust (CVE:PRV.UN)’s share price traded up 0.4% on Monday . The company traded as high as C$2.30 and last traded at C$2.30. 80,531 shares changed hands during mid-day 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 Analysts Forecast Growth

A number of analysts have weighed in on the stock. Raymond James Financial increased their price target on shares of PRO Real Estate Investment Trust from C$6.25 to C$6.50 and gave the company an “outperform” rating in a report on Friday, August 15th. Desjardins increased their price target on shares of PRO Real Estate Investment Trust from C$6.00 to C$6.25 and gave the company a “hold” rating in a report on Monday, October 6th. TD Securities increased their price target on shares of PRO Real Estate Investment Trust from C$5.50 to C$6.00 and gave the company a “hold” rating in a report on Monday, August 18th. Finally, National Bankshares increased their price target on shares of PRO Real Estate Investment Trust from C$6.00 to C$6.25 and gave the company a “sector perform” rating in a report on Friday, August 15th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$5.96.

PRO Real Estate Investment Trust Stock Up 0.4%

The business’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.