H&R Real Estate Investment Trust (TSE:HR.UN) Trading Up 14.3% - What's Next?

Shares of H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) were up 14.3% during mid-day trading on Friday . The stock traded as high as C$12.23 and last traded at C$12.15. Approximately 1,390,930 shares changed hands during trading, an increase of 157% from the average daily volume of 541,864 shares. The stock had previously closed at C$10.63.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HR.UN shares. BMO Capital Markets raised 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. TD Securities raised their price target on shares of H&R Real Estate Investment Trust from C$11.50 to C$14.50 and gave the stock a "buy" rating in a research note on Monday. Finally, 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 stock a "sector perform" rating in a research note on Monday.

H&R Real Estate Investment Trust Stock Performance

The company's fifty day simple moving average is C$10.45 and its 200 day simple moving average is C$9.95. The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68. The stock has a market capitalization of C$3.16 billion, a P/E ratio of -14.71 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.