PRO Real Estate Investment Trust (CVE:PRV.UN) Stock Price Expected to Rise, CIBC Analyst Says

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price target lifted by CIBC from C$6.25 to C$6.50 in a research report report published on Friday,BayStreet.CA reports.

PRO Real Estate Investment Trust Stock Up 0.4 %

Shares of CVE:PRV.UN opened at C$2.30 on Friday. The business’s 50-day moving average is C$2.30 and its 200 day moving average is C$2.30. PRO Real Estate Investment Trust has a 1 year low of C$1.80 and a 1 year 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.