Shares of H&R Real Estate Investment Trust (TSE:HR.UN – Get Rating) have earned an average recommendation of "Moderate Buy" from the seven research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$16.68.
Several equities analysts recently commented on HR.UN shares. Scotiabank upped their price target on shares of H&R Real Estate Investment Trust from C$16.50 to C$17.00 in a research report on Tuesday, August 16th. CIBC cut their target price on H&R Real Estate Investment Trust from C$17.50 to C$16.50 in a research report on Monday, June 27th. TD Securities increased their target price on H&R Real Estate Investment Trust from C$15.50 to C$17.00 and gave the stock a "buy" rating in a research report on Monday, May 16th. National Bankshares increased their target price on H&R Real Estate Investment Trust from C$15.25 to C$16.50 and gave the stock an "outperform" rating in a research report on Monday, August 15th. Finally, BMO Capital Markets increased their target price on H&R Real Estate Investment Trust from C$16.50 to C$17.00 in a research report on Friday.
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H&R Real Estate Investment Trust Stock Performance
Shares of TSE HR.UN opened at C$12.64 on Friday. The company has a market cap of C$3.37 billion and a PE ratio of 2.49. H&R Real Estate Investment Trust has a 12 month low of C$11.68 and a 12 month high of C$17.27. The company has a debt-to-equity ratio of 78.19, a current ratio of 0.58 and a quick ratio of 0.22. The company has a 50-day simple moving average of C$13.00 and a 200-day simple moving average of C$13.00.
Insider Activity at H&R Real Estate Investment Trust
In related news, Director Ronald C. Rutman purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, June 15th. The stock was purchased at an average cost of C$12.75 per share, for a total transaction of C$254,932.00. Following the acquisition, the director now owns 1,551,000 shares in the company, valued at C$19,769,976.60.
H&R Real Estate Investment Trust Company Profile
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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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