H&R Real Estate Investment Trust (TSE:HR.UN) Price Target Raised to C$13.50 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has raised the price target for H&R Real Estate Investment Trust from C$11.50 to C$13.50, indicating a potential upside of 13.26% from its current stock price.
• Other brokerages have varying price objectives, with TD Securities reducing their target to C$14.00 and Scotiabank increasing theirs to C$14.00 as well, highlighting diverse analyst opinions on the stock.
• H&R Real Estate Investment Trust is one of Canada’s largest REITs, managing a portfolio valued at approximately $10.7 billion across North America.

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) had its target price hoisted by research analysts at Royal Bank Of Canada from C$11.50 to C$13.50 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the real estate investment trust's stock. Royal Bank Of Canada's price target suggests a potential upside of 13.26% from the stock's current price.

Other analysts also recently issued reports about the stock. TD Securities dropped their price objective on shares of H&R Real Estate Investment Trust from C$14.50 to C$14.00 and set a "buy" rating on the stock in a report on Tuesday, July 29th. Scotiabank increased 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 report on Monday, July 7th. Finally, 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 report on Thursday, May 22nd.

H&R Real Estate Investment Trust Stock Performance

Shares of HR.UN stock traded down C$0.01 during trading hours on Friday, hitting C$11.92. The company's stock had a trading volume of 256,104 shares, compared to its average volume of 613,471. The company has a 50 day moving average of C$11.42 and a 200 day moving average of C$10.42. The stock has a market cap of C$3.12 billion, a PE ratio of -14.54 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 has a 12-month low of C$8.95 and a 12-month high of C$12.77.

H&R Real Estate Investment Trust Company Profile

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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