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H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Up 15.6% - Here's What Happened

H&R Real Estate Investment Trust logo with Real Estate background

Shares of H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) were up 15.6% during trading on Friday . The stock traded as high as C$12.32 and last traded at C$12.29. Approximately 1,672,962 shares changed hands during mid-day trading, an increase of 209% from the average daily volume of 541,864 shares. The stock had previously closed at C$10.63.

Analyst Ratings Changes

Several equities analysts have recently commented on HR.UN shares. TD Securities boosted their target price on shares of H&R Real Estate Investment Trust from C$11.00 to C$11.50 and gave the stock a "buy" rating in a report on Thursday, May 22nd. BMO Capital Markets upped 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.

View Our Latest Stock Analysis on H&R Real Estate Investment Trust

H&R Real Estate Investment Trust Trading Down 2.3%

The company has a market cap of C$3.19 billion, a PE ratio of -14.84 and a beta of 1.98. The stock's 50 day moving average is C$10.40 and its 200-day moving average is C$9.93. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68.

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.

Further Reading

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