H&R Real Estate Investment Trust (TSE:HR.UN) Shares Up 17.7% - Here's What Happened

Shares of H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) rose 17.7% during trading on Friday . The company traded as high as C$12.58 and last traded at C$12.51. Approximately 2,066,020 shares were traded during trading, an increase of 281% from the average daily volume of 541,864 shares. The stock had previously closed at C$10.63.

Analysts Set New Price Targets

HR.UN has been the subject of a number of recent research reports. BMO Capital Markets boosted 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 boosted their price target on shares of 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.

H&R Real Estate Investment Trust Price Performance

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 company has a market cap of C$3.26 billion, a P/E ratio of -15.20 and a beta of 1.98. The business's fifty day moving average is C$10.40 and its 200 day moving average is C$9.92.

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.