H&R Real Estate Investment Trust (TSE:HR.UN) Trading Up 17.7% - Still a Buy?

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report)'s stock price was up 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 changed hands during trading, an increase of 281% from the average daily volume of 541,864 shares. The stock had previously closed at C$10.63.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HR.UN. BMO Capital Markets lifted their price target on H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a research report on Thursday, May 22nd. TD Securities boosted their target price on H&R Real Estate Investment Trust from C$11.50 to C$14.50 and gave the company a "buy" rating in a research report on Monday. Finally, Scotiabank boosted their target price on 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 report on Monday.

H&R Real Estate Investment Trust Trading Down 3.2%

The company has a market capitalization of C$3.16 billion, a PE ratio of -14.71 and a beta of 1.98. The company has a fifty day simple moving average of C$10.45 and a 200-day simple moving average of 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.

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.