H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) shares were up 17.7% during mid-day 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 mid-day 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 Analyst Weigh In
A number of equities analysts recently issued reports on HR.UN shares. Scotiabank upped their price target 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 report on Monday. BMO Capital Markets increased their price objective on H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a report on Thursday, May 22nd. Finally, TD Securities increased their price objective on H&R Real Estate Investment Trust from C$11.50 to C$14.50 and gave the company a "buy" rating in a report on Monday.
View Our Latest Stock Report on H&R Real Estate Investment Trust
H&R Real Estate Investment Trust Price Performance
The stock has a market capitalization of C$3.16 billion, a price-to-earnings ratio of -14.71 and a beta of 1.98. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68. The business has a 50-day simple moving average of C$10.45 and a two-hundred day simple moving average of C$9.95.
About H&R Real Estate Investment Trust
(
Get Free Report)
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.
Recommended Stories
Before you consider H&R Real Estate Investment Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and H&R Real Estate Investment Trust wasn't on the list.
While H&R Real Estate Investment Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
