S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01

Scotiabank Lowers H&R Real Estate Investment Trust (TSE:HR.UN) Price Target to C$15.25

Friday, January 14, 2022 | MarketBeat

H&R Real Estate Investment Trust (TSE:HR.UN) had its price target decreased by analysts at Scotiabank from C$18.25 to C$15.25 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Scotiabank's target price would indicate a potential upside of 14.92% from the company's current price.

Other equities research analysts have also issued research reports about the company. National Bankshares dropped their target price on H&R Real Estate Investment Trust from C$21.50 to C$17.00 in a research report on Thursday, January 6th. TD Securities decreased their price target on H&R Real Estate Investment Trust from C$20.00 to C$15.50 and set a "buy" rating for the company in a research note on Wednesday, January 5th. BMO Capital Markets decreased their price target on H&R Real Estate Investment Trust from C$19.00 to C$16.00 and set an "outperform" rating for the company in a research note on Thursday, January 6th. CIBC decreased their price target on H&R Real Estate Investment Trust from C$19.50 to C$15.50 and set an "outperform" rating for the company in a research note on Thursday, January 6th. Finally, National Bank Financial decreased their price target on H&R Real Estate Investment Trust to C$17.00 and set an "outperform" rating for the company in a research note on Thursday, January 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$16.46.

H&R Real Estate Investment Trust stock traded down C$0.07 during midday trading on Friday, reaching C$13.27. The stock had a trading volume of 722,919 shares, compared to its average volume of 1,559,039. The firm's fifty day simple moving average is C$15.73 and its 200-day simple moving average is C$16.20. H&R Real Estate Investment Trust has a 1-year low of C$11.99 and a 1-year high of C$17.27. The stock has a market capitalization of C$3.83 billion and a P/E ratio of 7.61. The company has a debt-to-equity ratio of 95.16, a quick ratio of 0.07 and a current ratio of 0.72.

In other news, Director Ronald C. Rutman purchased 15,000 shares of H&R Real Estate Investment Trust stock in a transaction that occurred on Tuesday, November 30th. The stock was acquired at an average cost of C$15.69 per share, for a total transaction of C$235,401.00. Following the purchase, the director now directly owns 1,329,640 shares of the company's stock, valued at approximately C$20,866,572.38. Also, Director Alexander Danial Avery purchased 32,000 shares of H&R Real Estate Investment Trust stock in a transaction that occurred on Friday, November 26th. The stock was purchased at an average price of C$16.20 per share, with a total value of C$518,400.00. Following the completion of the purchase, the director now directly owns 207,000 shares in the company, valued at C$3,353,400. Insiders purchased a total of 92,160 shares of company stock valued at $1,371,113 over the last 90 days.

About H&R Real Estate Investment Trust

H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $14.5 billion at March 31, 2019. H&R REIT has ownership interests in a North American portfolio of high quality office, retail, industrial and residential properties comprising over 43 million square feet.

Featured Article: What moving averages are used to define a golden cross?

Analyst Recommendations for H&R Real Estate Investment Trust (TSE:HR.UN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in H&R Real Estate Investment Trust right now?

Before you consider H&R Real Estate Investment Trust, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and H&R Real Estate Investment Trust wasn't on the list.

While H&R Real Estate Investment Trust currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.