Canaccord Genuity Reaffirms Their Buy Rating on PRO Real Estate Investment

By Ryan Adsit

PRO Real Estate Investment (TSXV: PRV.UN), the Financial sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Jenny Ma from Canaccord Genuity reiterated a Buy rating, with a C$2.40 price target.

Ma has an average return of 5.4% when recommending PRO Real Estate Investment.

According to TipRanks.com, Ma is ranked #1295 out of 4567 analysts.

PRO Real Estate Investment has an analyst consensus of Moderate Buy, with a price target consensus of C$2.40.

Based on PRO Real Estate Investment’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$7.52 million and quarterly net profit of C$1.92 million. In comparison, last year the company earned revenue of C$5.67 million and had a net profit of C$2.41 million.

PRO Real Estate Investment Trust engages in the acquisition, ownership, and operation of diversified portfolio of commercial real estate properties. Its portfolio includes industrial, retail, commercial mixed use and office properties. The company was founded on February 7, 2013 and is headquartered in Montréal, Canada.

The company’s shares closed last Tuesday at $2.20.