H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Expected to Rise, TD Securities Analyst Says

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) had its price objective upped by stock analysts at TD Securities from C$11.50 to C$14.50 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the real estate investment trust's stock. TD Securities' price target points to a potential upside of 18.27% from the company's current price.

HR.UN has been the topic of a number of other reports. BMO Capital Markets raised their target price 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. Scotiabank lifted 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 report on Monday.

H&R Real Estate Investment Trust Stock Performance

TSE HR.UN traded down C$0.23 during trading on Monday, hitting C$12.26. 815,064 shares of the company's stock traded hands, compared to its average volume of 597,610. H&R Real Estate Investment Trust has a 12-month low of C$8.95 and a 12-month high of C$12.77. The stock has a market capitalization of C$3.21 billion, a price-to-earnings ratio of -14.95 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 business has a 50 day moving average of C$10.59 and a 200-day moving average of C$10.00.

H&R Real Estate Investment Trust Company Profile

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.