Scotiabank Issues Positive Forecast for H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price

H&R Real Estate Investment Trust (TSE:HR.UN) had its price objective upped by Scotiabank from C$11.50 to C$11.75 in a research report released on Friday morning,BayStreet.CA reports.

Separately, TD Securities boosted their target price on H&R Real Estate Investment Trust from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$11.45.

H&R Real Estate Investment Trust Stock Down 0.2 %

HR.UN traded down C$0.02 during trading hours on Friday, hitting C$10.00. 708,200 shares of the company’s stock were exchanged, compared to its average volume of 433,311. The firm has a market cap of C$2.62 billion, a P/E ratio of -12.20 and a beta of 1.98. H&R Real Estate Investment Trust has a 12-month low of C$8.63 and a 12-month high of C$11.67. The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68. The firm has a 50 day moving average of C$10.97 and a 200 day moving average of C$9.93.

H&R Real Estate Investment Trust Company Profile

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.