H&R Real Estate Investment Trust (TSE:HR.UN) Price Target Raised to C$11.75 at Scotiabank

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

Separately, TD Securities lifted their price objective on H&R Real Estate Investment Trust from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$11.45.

H&R Real Estate Investment Trust Stock Performance

HR.UN traded down C$0.02 on Friday, reaching C$10.00. The stock had a trading volume of 708,200 shares, compared to its average volume of 433,311. The business’s 50-day moving average price is C$10.97 and its two-hundred day moving average price is C$9.93. The company 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.

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.