CIBC Issues Positive Forecast for PRO Real Estate Investment Trust (CVE:PRV.UN) Stock Price

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

PRO Real Estate Investment Trust Trading Up 0.4 %

Shares of CVE PRV.UN traded up C$0.01 during midday trading on Friday, hitting C$2.30. 80,531 shares of the stock traded hands, compared to its average volume of 103,855. PRO Real Estate Investment Trust has a one year low of C$1.80 and a one year high of C$2.45. The business has a 50 day moving average price of C$2.30 and a two-hundred day moving average price 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.