H&R Real Estate Investment Trust (TSE:HR.UN – Get Rating) had its price objective upped by BMO Capital Markets from C$16.50 to C$17.00 in a research note issued to investors on Friday, BayStreet.CA reports.
Other equities research analysts have also recently issued research reports about the company. TD Securities raised their price objective on H&R Real Estate Investment Trust from C$15.50 to C$17.00 and gave the company a buy rating in a research note on Monday, May 16th. National Bankshares raised their price objective on H&R Real Estate Investment Trust from C$15.25 to C$16.50 and gave the company an outperform rating in a research note on Monday, August 15th. 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. Scotiabank lifted their target price on H&R Real Estate Investment Trust from C$16.50 to C$17.00 in a research report on Tuesday, August 16th. Finally, Royal Bank of Canada lifted their target price on H&R Real Estate Investment Trust from C$15.00 to C$15.75 and gave the company a sector perform rating in a research report on Monday, August 15th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of C$16.68.
Get H&R Real Estate Investment Trust alerts:H&R Real Estate Investment Trust Trading Up 0.3 %
Shares of H&R Real Estate Investment Trust stock opened at C$12.64 on Friday. The company has a debt-to-equity ratio of 78.19, a quick ratio of 0.22 and a current ratio of 0.58. H&R Real Estate Investment Trust has a 52 week low of C$11.68 and a 52 week high of C$17.27. The stock has a 50 day moving average price of C$13.00 and a two-hundred day moving average price of C$13.00. The stock has a market capitalization of C$3.37 billion and a PE ratio of 2.49.
Insider Buying and Selling
In other H&R Real Estate Investment Trust news, Director Ronald C. Rutman purchased 20,000 shares of the company'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 completion of the acquisition, the director now owns 1,551,000 shares of the company's stock, valued at approximately 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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