March 29, 2024

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Shares of H&R Real Estate Investment Trust (TSE:HR.UNGet 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.

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

(Get Rating)
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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Analyst Recommendations for H&R Real Estate Investment Trust (TSE:HR.UN)
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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