PRO Real Estate Investment Trust (CVE:PRV.UN) Receives Consensus Rating of “Hold” from Brokerages

PRO Real Estate Investment Trust (CVE:PRV.UN) has earned a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$6.58.

A number of research analysts recently issued reports on PRV.UN shares. TD raised shares of PRO Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$7.00 price target for the company in a research report on Thursday. Desjardins lifted their price target on shares of PRO Real Estate Investment Trust from C$6.50 to C$6.75 and gave the company a “hold” rating in a research report on Tuesday, May 19th. Finally, Canadian Imperial Bank of Commerce cut shares of PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and lifted their price target for the company from C$6.75 to C$7.00 in a research report on Friday, May 15th.

PRO Real Estate Investment Trust Price Performance

Shares of CVE PRV.UN opened at C$2.30 on Tuesday. PRO Real Estate Investment Trust has a 1 year low of C$1.80 and a 1 year high of C$2.45. The firm has a 50-day moving average of C$2.30 and a 200 day moving average of C$2.30.

About PRO Real Estate Investment Trust

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.