H&R Real Estate Investment Trust (HR.UN) Sets New 52-Week High at $23.29

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H&R Real Estate Investment Trust (TSE:HR.UN)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as C$23.29 and last traded at C$23.16, with a volume of 167109 shares trading hands. The stock had previously closed at C$23.05.

Several brokerages recently commented on HR.UN. Raymond James reaffirmed a “market perform” rating on shares of H&R Real Estate Investment Trust in a research note on Wednesday, February 20th. Royal Bank of Canada boosted their price objective on shares of H&R Real Estate Investment Trust from C$22.00 to C$24.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 20th. TD Securities boosted their price objective on shares of H&R Real Estate Investment Trust from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Tuesday, February 19th. Desjardins boosted their price objective on shares of H&R Real Estate Investment Trust from C$24.00 to C$24.50 in a research note on Tuesday, February 19th. Finally, CIBC boosted their price objective on shares of H&R Real Estate Investment Trust from C$24.50 to C$25.00 in a research note on Friday, February 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$24.61.

The company has a market cap of $6.62 billion and a P/E ratio of 11.07. The company has a current ratio of 0.56, a quick ratio of 0.17 and a debt-to-equity ratio of 92.77.

In other H&R Real Estate Investment Trust news, Director Edward Allen Gilbert sold 10,000 shares of H&R Real Estate Investment Trust stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of C$22.70, for a total transaction of C$227,000.00. Following the completion of the sale, the director now directly owns 65,857 shares in the company, valued at C$1,494,953.90. Also, Director Robert Earl Dickson sold 4,596 shares of H&R Real Estate Investment Trust stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of C$22.72, for a total transaction of C$104,434.91. Following the sale, the director now owns 28,400 shares of the company’s stock, valued at C$645,333.20. Over the last quarter, insiders have sold 43,544 shares of company stock valued at $998,579.

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About H&R Real Estate Investment Trust (TSE:HR.UN)

H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $14.7 billion at December 31, 2018. H&R REIT has ownership interests in a North American portfolio of high quality office, retail, industrial and residential properties comprising over 42 million square feet.

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