H&R Real Estate Investment Trust (OTCMKTS:HRUFF) Short Interest Update
H&R Real Estate Investment Trust (OTCMKTS:HRUFF – Get Rating) saw a large drop in short interest during the month of May. As of May 31st, there was short interest totaling 255,000 shares, a drop of 65.2% from the May 15th total of 732,900 shares Based on an average daily trading volume of 8,600 shares, the short-interest ratio is currently 29.7 days.
Shares of OTCMKTS:HRUFF opened at $10.66 on Friday. The company’s 50-day moving average is $10.29 and its 200-day moving average is $10.74. H&R Real Estate Investment Trust has a fifty-two week low of $9.11 and a fifty-two week high of $13.88.
HRUFF has been the subject of a number of research reports. Scotiabank lifted their target price on shares in H&R Real Estate Investment Trust from C$15.25 to C$16.50 in a research note on Wednesday, May 18th. BMO Capital Markets upped their target price on shares in H&R Real Estate Investment Trust from C$16.00 to C$18.00 in a research note on Monday, May 16th. TD Securities boosted their price target on shares of H&R Real Estate Investment Trust from C$15.50 to C$17.00 in a research report on Monday, May 16th. Royal Bank of Canada increased their price objective on shares in H&R Real Estate Investment Trust from C$14.25 to C$16.00 in a report on Monday, May 16th. Finally, CIBC upped their target price on shares in H&R Real Estate Investment Trust from C$15.50 to C$17.50 in a research note on Monday, May 16th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, H&R Real Estate Investment Trust has an average rating of “Buy” and an average price target of $18.14.
About H&R Real Estate Investment Trust (Get Rating)
H&R REIT is one of Canada’s largest real estate investment trusts with total assets of approximately $13.3 billion at September 30, 2020. H&R REIT has ownership interests in a North American portfolio of high quality office, retail, industrial and residential properties comprising over 40 million square feet.
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