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H&R Real Estate Investment Trust (TSE:HR.UN) Shares Up 15.6% - Here's Why

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 company traded as high as C$12.32 and last traded at C$12.29. Approximately 1,672,962 shares traded hands during trading, an increase of 209% from the average daily volume of 541,864 shares. The stock had previously closed at C$10.63.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HR.UN shares. 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 report on Thursday, May 22nd. Scotiabank boosted their price target on shares of 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. Finally, TD Securities boosted their price target on shares of 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.

View Our Latest Report on H&R Real Estate Investment Trust

H&R Real Estate Investment Trust Trading Down 3.2%

The business's 50-day moving average is C$10.45 and its two-hundred day moving average is C$9.95. 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 stock has a market capitalization of C$3.16 billion, a PE ratio of -14.71 and a beta of 1.98.

H&R Real Estate Investment Trust Company Profile

(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.

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