H&R Real Estate Investment Trust (HR.UN) Receives Average Recommendation of “Buy” from Brokerages

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H&R Real Estate Investment Trust (TSE:HR.UN) has been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$24.61.

A number of equities research analysts have issued reports on HR.UN shares. Raymond James reiterated a “market perform” rating on shares of H&R Real Estate Investment Trust in a report on Wednesday, February 20th. BMO Capital Markets reiterated an “outperform” rating and set a C$24.50 target price on shares of H&R Real Estate Investment Trust in a report on Monday, February 11th. National Bank Financial increased their target price on shares of H&R Real Estate Investment Trust from C$25.00 to C$26.50 in a report on Wednesday, November 28th. Desjardins increased their target price on shares of H&R Real Estate Investment Trust from C$24.00 to C$24.50 in a report on Tuesday, February 19th. Finally, CIBC increased their target price on shares of H&R Real Estate Investment Trust from C$24.50 to C$25.00 in a report on Friday, February 15th.

Shares of HR.UN stock traded up C$0.39 during trading hours on Friday, hitting C$22.80. The company had a trading volume of 1,633,099 shares, compared to its average volume of 576,487. The company has a debt-to-equity ratio of 92.77, a quick ratio of 0.17 and a current ratio of 0.56. H&R Real Estate Investment Trust has a fifty-two week low of C$19.74 and a fifty-two week high of C$23.53. The firm has a market cap of $6.51 billion and a P/E ratio of 10.92.

In other H&R Real Estate Investment Trust news, Senior Officer Larry Froom sold 3,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$23.00, for a total value of C$69,000.00. Following the sale, the insider now directly owns 121,965 shares of the company’s stock, valued at approximately C$2,805,195. Also, Director Laurence A. Lebovic sold 2,948 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of C$22.80, for a total transaction of C$67,214.40. Over the last three months, insiders sold 48,544 shares of company stock worth $1,103,848.

H&R Real Estate Investment Trust Company Profile

H&R REIT is one of Canada's largest fully internalized real estate investment trusts with total assets of approximately $14.2 billion at September 30, 2018. H&R REIT has ownership interests in a North American portfolio of high quality office, retail, industrial and residential properties comprising over 41 million square feet.

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

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