Analysts Set H&R Real Estate Investment Trust (TSE:HR.UN) PT at C$17.21

Shares of H&R Real Estate Investment Trust (TSE:HR.UN – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$17.21.

HR.UN has been the topic of a number of recent research reports. TD Securities lifted their target price on shares of H&R Real Estate Investment Trust from C$15.50 to C$17.00 and gave the company a “buy” rating in a report on Monday, May 16th. CIBC lifted their target price on shares of H&R Real Estate Investment Trust from C$15.50 to C$17.50 and gave the company an “outperform” rating in a report on Monday, May 16th. BMO Capital Markets set a C$18.00 target price on shares of H&R Real Estate Investment Trust in a report on Monday, May 16th. National Bankshares lifted their target price on shares of H&R Real Estate Investment Trust from C$17.00 to C$18.50 and gave the company an “outperform” rating in a report on Monday, May 16th. Finally, Scotiabank lifted their target price on shares of H&R Real Estate Investment Trust from C$15.25 to C$16.50 in a report on Wednesday, May 18th.

Shares of TSE:HR.UN opened at C$12.41 on Tuesday. The company has a market capitalization of C$3.41 billion and a PE ratio of 2.53. The company has a current ratio of 0.73, a quick ratio of 0.45 and a debt-to-equity ratio of 75.28. 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 firm has a 50 day simple moving average of C$13.02 and a 200-day simple moving average of C$13.41.

In other H&R Real Estate Investment Trust news, Director Ronald C. Rutman acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The shares were acquired at an average cost of C$12.75 per share, for a total transaction of C$254,932.00. Following the transaction, the director now directly owns 1,551,000 shares of the company’s stock, valued at C$19,769,976.60.

H&R Real Estate Investment Trust Company Profile (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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