H&R Real Estate Investment Trust (TSE:HR.UN) Given New C$14.00 Price Target at TD Securities

Key Points

• TD Securities has lowered its target price for H&R Real Estate Investment Trust from C$14.50 to C$14.00, while maintaining a "buy" rating, suggesting potential upside of 18.34% from the previous close.
• Scotiabank and BMO Capital Markets also revised their price targets for H&R REIT, with Scotiabank setting it at C$14.00 and BMO at C$11.50.
• H&R Real Estate Investment Trust's stock was reported at C$11.83, reflecting a 0.6% increase, with a market cap of C$3.10 billion and a debt-to-equity ratio of 73.68%.

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) had its target price decreased by TD Securities from C$14.50 to C$14.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the real estate investment trust's stock. TD Securities' price objective would suggest a potential upside of 18.34% from the stock's previous close.

Other equities research analysts also recently issued reports about the stock. Scotiabank raised their price target on shares of H&R Real Estate Investment Trust from C$12.00 to C$14.00 and gave the company a "sector perform" rating in a research note on Monday, July 7th. BMO Capital Markets increased their price target on shares of H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a research report on Thursday, May 22nd.

H&R Real Estate Investment Trust Stock Up 0.6%

Shares of HR.UN stock traded up C$0.07 during trading on Tuesday, reaching C$11.83. The company's stock had a trading volume of 394,015 shares, compared to its average volume of 610,520. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68. The business has a fifty day moving average price of C$11.05 and a 200-day moving average price of C$10.22. H&R Real Estate Investment Trust has a one year low of C$8.95 and a one year high of C$12.77. The company has a market cap of C$3.10 billion, a price-to-earnings ratio of -14.43 and a beta of 1.98.

About H&R Real Estate Investment Trust

H&R REIT is one of Canada's largest real estate investment trusts with total post-Primaris spin-off pro forma assets of approximately $10.7 billion. H&R REIT has ownership interests in a North American portfolio comprised of high quality office, industrial, residential and retail properties comprising over 29.4 million square feet post-Primaris spin off.

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