H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report)'s share price rose 17.7% on Friday . The company traded as high as C$12.58 and last traded at C$12.51. Approximately 2,066,020 shares traded 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.
Analysts Set New Price Targets
HR.UN has been the topic of a number of recent research reports. TD Securities raised 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 report on Thursday, May 22nd. 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 report on Thursday, May 22nd.
Read Our Latest Stock Report on HR.UN
H&R Real Estate Investment Trust Stock Performance
The firm has a market capitalization of C$3.28 billion, a price-to-earnings ratio of -15.24 and a beta of 1.98. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31. The firm's 50-day moving average price is C$10.35 and its two-hundred day moving average price is C$9.90.
About H&R Real Estate Investment Trust
(
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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.
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