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

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report)'s share price rose 15.6% on Friday . The stock traded as high as C$12.32 and last traded at C$12.29. Approximately 1,672,962 shares were traded during 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

HR.UN has been the subject of several recent research reports. BMO Capital Markets raised 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 raised their price target on H&R Real Estate Investment Trust from C$11.00 to C$11.50 and gave the stock a "buy" rating in a research report on Thursday, May 22nd.

H&R Real Estate Investment Trust Stock Performance

The stock has a 50-day simple moving average of C$10.40 and a 200-day simple moving average of C$9.92. The company has a debt-to-equity ratio of 73.68, a current ratio of 0.31 and a quick ratio of 0.19. The stock has a market cap of C$3.26 billion, a PE ratio of -15.20 and a beta of 1.98.

About H&R Real Estate Investment Trust

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.