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.

(Advertisement)

When Warren Buffet is shopping into an industry, it’s time to take notice.

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.

Further Reading: Cash Flow Analysis in Stock Picking

Analyst recommendations for H&R Real Estate Investment Trust (TSE: HR.UN)

This instant news alert was generated through narrative science technology and financial data from MarketBeat to provide readers with the fastest, most accurate coverage. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $ 1,000 in the H&R Real Estate Investment Trust now?

Before you consider H&R Real Estate Investment Trust, this is what you should hear.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market takes hold … and H&R Real Estate Investment Trust wasn’t on the list.

While the H&R Real Estate Investment Trust currently has a “Buy” rating from analysts, top analysts think these five stocks are better buys.

Check out the 5 stocks here