PRO Real Estate Investment Trust (CVE:PRV.UN) Trading Up 0.4%

Posted by Defense World Staff on Jun 23rd, 2023

PRO Real Estate Investment Trust (CVE:PRV.UN – Get Rating) traded up 0.4% during trading on Thursday . The company traded as high as C$2.30 and last traded at C$2.30. 80,531 shares traded 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.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PRV.UN shares. National Bankshares lowered their target price on shares of PRO Real Estate Investment Trust from C$6.75 to C$6.25 and set a “sector perform” rating for the company in a research note on Friday, March 24th. TD Securities dropped their price objective on PRO Real Estate Investment Trust from C$7.00 to C$6.50 and set a “buy” rating on the stock in a research note on Tuesday, May 16th. Scotiabank decreased their target price on PRO Real Estate Investment Trust from C$7.50 to C$7.25 in a research note on Friday, March 24th. Finally, Raymond James dropped their price target on PRO Real Estate Investment Trust from C$6.75 to C$6.25 and set a “market perform” rating on the stock in a research note on Thursday, June 1st.

PRO Real Estate Investment Trust Trading Up 0.4 %

The firm has a 50-day simple moving average of C$2.30 and a 200-day simple moving average of C$2.30.

Insider Buying and Selling

In other PRO Real Estate Investment Trust news, Director Ronald Smith acquired 16,000 shares of the stock in a transaction that occurred on Wednesday, March 29th. The shares were bought at an average price of C$5.88 per share, for a total transaction of C$94,148.80.

PRO Real Estate Investment Trust Company Profile

(Get Rating)

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.