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

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

PRV.UN has been the topic of a number of other research reports. Raymond James lifted 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 research note on Tuesday, January 30th. TD Securities lifted their target price 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 research report on Friday, March 22nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, PRO Real Estate Investment Trust has an average rating of Hold and an average price target of C$6.05.

PRO Real Estate Investment Trust Stock Up 0.4 %

PRV.UN opened at C$2.30 on Wednesday. The stock’s 50 day moving average price is C$2.30 and its two-hundred day moving average price is C$2.30. PRO Real Estate Investment Trust has a 12-month low of C$1.80 and a 12-month high of C$2.45.

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.