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 brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$16.82.
A number of equities analysts have recently weighed in on HR.UN shares. Scotiabank increased their target price on H&R Real Estate Investment Trust from C$16.50 to C$17.00 in a research note on Tuesday. 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 note on Monday, May 16th. Royal Bank of Canada increased their target price on H&R Real Estate Investment Trust from C$15.00 to C$15.75 and gave the stock a "sector perform" rating in a research note on Monday. 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 note on Monday. Finally, BMO Capital Markets set a C$18.00 target price on H&R Real Estate Investment Trust in a research note on Monday, May 16th.
Get H&R Real Estate Investment Trust alerts:H&R Real Estate Investment Trust Price Performance
TSE:HR.UN opened at C$13.61 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.73 and a debt-to-equity ratio of 75.28. The stock's 50 day moving average price is C$12.93 and its two-hundred day moving average price is C$12.98. The firm has a market capitalization of C$3.62 billion and a price-to-earnings ratio of 2.76. H&R Real Estate Investment Trust has a 12-month low of C$11.68 and a 12-month high of C$17.27.
Insider Activity at H&R Real Estate Investment Trust
In other news, Director Ronald C. Rutman acquired 20,000 shares of the business's stock in a transaction that occurred on Wednesday, June 15th. The shares were bought at an average price of C$12.75 per share, with a total value of C$254,932.00. Following the acquisition, the director now directly owns 1,551,000 shares in the company, valued at approximately C$19,769,976.60.About H&R Real Estate Investment Trust
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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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