H&R Real Estate Investment Trust (TSE:HR.UN) Receives Average Recommendation of “Buy” from Analysts
H&R Real Estate Investment Trust (TSE: HR.UN) has been given a consensus rating of “Buy” by the seven rating agencies that currently cover the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have given the company a buy recommendation. The average twelve-month target price of analysts who released a report on the stock last year is $ 19.39.
Several brokerage firms recently looked at HR.UN. National Bank Financial raised its price target for shares of the H&R Real Estate Investment Trust from 19.50 CAD to 20.50 CAD and rated the stock as “outperform” in a research report dated Friday, October 29th. National Bankshares raised its target price on shares of the H&R Real Estate Investment Trust from CAD 20.50 to CAD 21.50 and rated the company as “outperform” in a research note on Thursday, November 18. TD Securities raised its price target for shares of the H&R Real Estate Investment Trust from 19.50 CAD to 20.00 CAD and rated the stock as “Buy” in a research note on Wednesday, November 17th. Scotiabank raised its target price on shares of the H&R Real Estate Investment Trust from CAD 18.00 to CAD 18.25 in a research release released on Thursday, August 19th. Finally, the Royal Bank of Canada raised its price target for shares in the H&R Real Estate Investment Trust from CAD 18.00 to CAD 19.00 and rated the company on Monday, August 30th, in a research note with “Sector Performance”.
In other news from H&R Real Estate Investment Trust, director Ronald C. Rutman acquired 15,000 shares in the company in a transaction on Tuesday, November 30th. The stock was purchased for an average price of $ 15.69 per share for a total transaction of $ 235,401.00. Following the transaction, the director now owns 1,329,640 shares in the company valued at approximately C $ 20,866,572.38. In addition, director Alexander Danial Avery acquired 32,000 shares in H&R Real Estate Investment Trust in a November 26 transaction. The shares were acquired at an average price of $ 16.20 per share for a total value of $ 518,400.00. Upon completion of the acquisition, the director now owns 207,000 shares in the company valued at C $ 3,353,400.
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The shares of the H&R Real Estate Investment Trust opened on Friday for $ 15.90. The H&R Real Estate Investment Trust has a 52-week low of $ 11.99 and a 52-week high of $ 17.27. The company has a 50-day moving average of $ 16.37 and a 200-day moving average of $ 16.33. The company has a quick ratio of 0.07, a current ratio of 0.72, and debt of 95.16. The company has a market capitalization of $ 4.58 billion and a P / E ratio of 9.11.
About H&R Real Estate Investment Trust
H&R REIT is one of the largest Canadian real estate investment trusts with total assets of approximately 14.5 billion US dollars as of March 31, 2019. H&R REIT has interests in a North American portfolio of high quality office, retail, industrial and residential properties A total of over 43 million square feet.
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