BMO Capital Markets Boosts H&R Real Estate Investment Trust (HR.UN) Price Target to C$25.00

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H&R Real Estate Investment Trust (TSE:HR.UN) had its target price raised by BMO Capital Markets from C$24.50 to C$25.00 in a report issued on Thursday morning, BayStreet.CA reports.

A number of other analysts also recently weighed in on the stock. National Bank Financial increased their price target on shares of H&R Real Estate Investment Trust from C$26.50 to C$27.00 and gave the company an outperform rating in a report on Wednesday, April 17th. Raymond James reaffirmed a market perform rating on shares of H&R Real Estate Investment Trust in a report on Wednesday, February 20th. Royal Bank of Canada raised their price objective on shares of H&R Real Estate Investment Trust from C$22.00 to C$24.00 and gave the stock a sector perform rating in a report on Wednesday, February 20th. TD Securities raised their price objective on shares of H&R Real Estate Investment Trust from C$24.00 to C$25.00 and gave the stock a buy rating in a report on Tuesday, February 19th. Finally, Desjardins raised their price objective on shares of H&R Real Estate Investment Trust from C$24.00 to C$24.50 in a report on Tuesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of C$25.42.

H&R Real Estate Investment Trust stock traded down C$0.18 during mid-day trading on Thursday, reaching C$23.23. The company had a trading volume of 110,053 shares, compared to its average volume of 576,487. The company has a debt-to-equity ratio of 92.77, a current ratio of 0.56 and a quick ratio of 0.17. H&R Real Estate Investment Trust has a 52 week low of C$19.74 and a 52 week high of C$23.53. The company has a market cap of $6.64 billion and a PE ratio of 11.13.

In other news, Senior Officer Nathan Uhr sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$23.55, for a total transaction of C$1,177,385.00. Also, Senior Officer Larry Froom sold 3,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$23.11, for a total transaction of C$69,330.00. Insiders have sold a total of 117,299 shares of company stock valued at $2,733,328 over the last ninety days.

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 $14.7 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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Analyst Recommendations for H&R Real Estate Investment Trust (TSE:HR.UN)

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