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

Shares of PRO Real Estate Investment Trust (CVE:PRV.UN) rose 0.4% during mid-day trading on Tuesday . The company traded as high as C$2.30 and last traded at C$2.30. Approximately 80,531 shares traded hands during mid-day 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

PRV.UN has been the topic of a number of recent research reports. CIBC raised their price objective on shares of PRO Real Estate Investment Trust from C$6.25 to C$6.50 in a research note on Friday, November 15th. Raymond James reduced their price objective on shares of PRO Real Estate Investment Trust from C$6.50 to C$6.25 in a research note on Monday, January 13th.

PRO Real Estate Investment Trust Stock Up 0.4 %

The company’s fifty day simple moving average is C$2.30 and its two-hundred day simple moving average is 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.