PRO Real Estate Investment Trust (CVE:PRV.UN) Stock Price Up 0.4% – What’s Next?

PRO Real Estate Investment Trust (CVE:PRV.UN)’s share price was up 0.4% during trading on Wednesday . The company traded as high as C$2.30 and last traded at C$2.30. Approximately 80,531 shares traded hands during trading, a decline of 22% from the average daily volume of 103,855 shares. The stock had previously closed at C$2.29.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial cut PRO Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 14th. Five analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$5.96.

PRO Real Estate Investment Trust Stock Up 0.4%

The stock’s 50 day moving average is C$2.30 and its 200 day moving average 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.