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

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 - Free Report) had its price objective reduced by TD Securities from C$14.50 to C$14.00 in a report released on Tuesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the real estate investment trust's stock.

HR.UN has been the subject of a number of other reports. BMO Capital Markets lifted their price target on shares of H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a research note on Thursday, May 22nd. Scotiabank lifted their price target on shares of H&R Real Estate Investment Trust from C$12.00 to C$14.00 and gave the stock a "sector perform" rating in a research note on Monday, July 7th.

H&R Real Estate Investment Trust Price Performance

Shares of TSE:HR.UN traded down C$0.05 on Tuesday, reaching C$11.54. The company's stock had a trading volume of 459,999 shares, compared to its average volume of 613,290. H&R Real Estate Investment Trust has a 52-week low of C$8.95 and a 52-week high of C$12.77. The company has a market cap of C$3.02 billion, a P/E ratio of -14.07 and a beta of 1.98. The company has a 50-day simple moving average of C$11.20 and a 200 day simple moving average of C$10.27. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31.

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.