H&R Real Estate Investment Trust (TSE:HR.UN) Rating Increased to Outperform at Royal Bank of Canada

H&R Real Estate Investment Trust (TSE:HR.UN) was upgraded by equities research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a C$11.50 target price on the real estate investment trust’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 17.23% from the stock’s current price.

Several other research analysts have also commented on the company. TD Securities lifted their price target on H&R Real Estate Investment Trust from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Scotiabank boosted their price objective on shares of H&R Real Estate Investment Trust from C$11.50 to C$11.75 in a report on Friday, November 15th.

H&R Real Estate Investment Trust Price Performance

HR.UN traded up C$0.30 on Wednesday, hitting C$9.81. 746,321 shares of the company’s stock were exchanged, compared to its average volume of 458,351. H&R Real Estate Investment Trust has a fifty-two week low of C$8.63 and a fifty-two week high of C$11.67. The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68. The firm has a 50-day moving average price of C$10.51 and a 200-day moving average price of C$10.01. The stock has a market cap of C$2.57 billion, a price-to-earnings ratio of -11.95 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.