H&R Real Estate Investment Trust (TSE:HR.UN) Given New C$13.50 Price Target 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 - Free Report) had its price objective increased by Royal Bank Of Canada from C$11.50 to C$13.50 in a research report report published on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the real estate investment trust's stock.

Several other equities research analysts also recently weighed in on HR.UN. TD Securities reduced their target price 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 research note on Tuesday, July 29th. BMO Capital Markets increased their target price 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. Finally, Scotiabank increased their target price 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. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$13.25.

H&R Real Estate Investment Trust Trading Up 0.3%

Shares of HR.UN traded up C$0.03 during midday trading on Friday, hitting C$11.91. The stock had a trading volume of 286,362 shares, compared to its average volume of 610,554. H&R Real Estate Investment Trust has a 1 year low of C$8.95 and a 1 year high of C$12.77. The firm has a market cap of C$3.12 billion, a PE ratio of -14.52 and a beta of 1.98. The company has a debt-to-equity ratio of 73.68, a current ratio of 0.31 and a quick ratio of 0.19. The stock's 50 day moving average is C$11.51 and its 200 day moving average is C$10.49.

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.