H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Expected to Rise, Scotiabank Analyst Says

H&R Real Estate Investment Trust (TSE:HR.UN) had its price target lifted by equities researchers at Scotiabank from C$11.50 to C$11.75 in a note issued to investors on Friday,BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 17.62% from the company’s previous close.

Separately, TD Securities boosted their target price on H&R Real Estate Investment Trust from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, H&R Real Estate Investment Trust currently has a consensus rating of “Hold” and a consensus target price of C$11.45.

H&R Real Estate Investment Trust Stock Down 0.3 %

Shares of HR.UN stock traded down C$0.03 during trading hours on Friday, reaching C$9.99. The company had a trading volume of 271,557 shares, compared to its average volume of 431,263. H&R Real Estate Investment Trust has a 12 month low of C$8.63 and a 12 month high of C$11.67. The company has a debt-to-equity ratio of 73.68, a current ratio of 0.31 and a quick ratio of 0.19. The business has a fifty day simple moving average of C$10.99 and a 200-day simple moving average of C$9.93. The company has a market cap of C$2.62 billion, a price-to-earnings ratio of -12.18 and a beta of 1.98.

H&R Real Estate Investment Trust Company Profile

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.