Shares of H&R Real Estate Investment Trust (TSE:HR.UN – Get Rating) have earned an average rating of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$17.21.
A number of research firms have commented on HR.UN. Scotiabank upped their price objective on shares of H&R Real Estate Investment Trust from C$15.25 to C$16.50 in a research note on Wednesday, May 18th. BMO Capital Markets set a C$18.00 target price on H&R Real Estate Investment Trust in a research report on Monday, May 16th. National Bankshares raised their target price on H&R Real Estate Investment Trust from C$17.00 to C$18.50 and gave the company an “outperform” rating in a research note on Monday, May 16th. Royal Bank of Canada raised their target price on H&R Real Estate Investment Trust from C$14.25 to C$16.00 and gave the company a “sector perform” rating in a research note on Monday, May 16th. Finally, CIBC raised their target price on H&R Real Estate Investment Trust from C$15.50 to C$17.50 and gave the stock an “outperform” rating in a report on Monday, May 16th.
In other H&R Real Estate Investment Trust news, Senior Officer Cheryl Fried sold 10,000 shares of the stock in a transaction that occurred on Thursday, March 17th. The stock was sold at an average price of C$13.23, for a total value of C$132,301.00. Also, Director Jennifer Alyse Chasson bought 2,275 shares of the company’s stock in a transaction dated Wednesday, March 23rd. The stock was bought at an average price of C$13.23 per share, for a total transaction of C$30,098.25. Following the acquisition, the director now directly owns 2,275 shares of the company’s stock, valued at C$30,098.25.
Shares of TSE HR.UN opened at C$13.64 on Friday. H&R Real Estate Investment Trust has a twelve month low of C$11.68 and a twelve month high of C$17.27. The company has a current ratio of 0.64, a quick ratio of 0.42 and a debt-to-equity ratio of 86.98. The company has a market capitalization of C$3.75 billion and a price-to-earnings ratio of 6.47. The firm has a 50-day moving average of C$12.91 and a two-hundred day moving average of C$13.84.
About H&R Real Estate Investment Trust (Get Rating)
H&R REIT is one of Canada’s largest real estate investment trusts with total assets of approximately $14.5 billion at March 31, 2019. H&R REIT has ownership interests in a North American portfolio of high quality office, retail, industrial and residential properties comprising over 43 million square feet.
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