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H&R Real Estate Investment Trust (TSE:HR.UN) Reaches New 1-Year High - Still a Buy?

H&R Real Estate Investment Trust logo with Real Estate background

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as C$12.20 and last traded at C$11.87, with a volume of 1000464 shares. The stock had previously closed at C$10.63.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. TD Securities boosted their target price on H&R Real Estate Investment Trust from C$11.00 to C$11.50 and gave the company a "buy" rating in a research note on Thursday, May 22nd. BMO Capital Markets lifted their price objective on H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a report on Thursday, May 22nd.

Check Out Our Latest Analysis on HR.UN

H&R Real Estate Investment Trust Trading Up 17.2%

The stock has a fifty day moving average of C$10.40 and a two-hundred day moving average of C$9.92. The company has a market capitalization of C$3.26 billion, a PE ratio of -15.20 and a beta of 1.98. The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68.

H&R Real Estate Investment Trust Company Profile

(Get Free Report)

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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