H&R Real Estate Investment Trust (TSE:HR.UN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages
Shares of H&R Real Estate Investment Trust (TSE:HR.UN – Get Rating) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month objective price among analysts that have issued a report on the stock in the last year is C$17.07.
HR.UN has been the subject of several research analyst reports. National Bankshares boosted their price objective on H&R Real Estate Investment Trust from C$17.00 to C$18.50 and gave the company an “outperform” rating in a research report on Monday, May 16th. Royal Bank of Canada boosted their price objective on H&R Real Estate Investment Trust from C$14.25 to C$16.00 and gave the company a “sector perform” rating in a research report on Monday, May 16th. CIBC cut their target price on H&R Real Estate Investment Trust from C$17.50 to C$16.50 in a research note on Monday, June 27th. BMO Capital Markets set a C$18.00 target price on H&R Real Estate Investment Trust in a research note on Monday, May 16th. Finally, Scotiabank boosted their target price on H&R Real Estate Investment Trust from C$15.25 to C$16.50 in a research note on Wednesday, May 18th.
Insider Buying and Selling at H&R Real Estate Investment Trust
In related news, Director Ronald C. Rutman acquired 20,000 shares of the stock in a transaction dated Wednesday, June 15th. The stock was bought at an average cost of C$12.75 per share, for a total transaction of C$254,932.00. Following the completion of the transaction, the director now directly owns 1,551,000 shares of the company’s stock, valued at C$19,769,976.60.
H&R Real Estate Investment Trust Price Performance
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Shares of HR.UN stock opened at C$12.38 on Friday. The firm has a market cap of C$3.40 billion and a price-to-earnings ratio of 2.48. 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 stock has a 50-day moving average price of C$12.94 and a 200-day moving average price of C$13.07. The company has a quick ratio of 0.45, a current ratio of 0.73 and a debt-to-equity ratio of 75.28.
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 $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.
Further Reading
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