Scotiabank Increases H&R Real Estate Investment Trust (OTCMKTS:HRUFF) Price Target to C$16.50

H&R Real Estate Investment Trust (OTCMKTS:HRUFFGet Rating) had its target price raised by equities researchers at Scotiabank from C$15.25 to C$16.50 in a report issued on Wednesday, The Fly reports.

A number of other analysts have also weighed in on HRUFF. Royal Bank of Canada increased their target price on shares of H&R Real Estate Investment Trust from C$14.25 to C$16.00 in a report on Monday. CIBC increased their target price on shares of H&R Real Estate Investment Trust from C$15.50 to C$17.50 in a report on Monday. TD Securities increased their target price on shares of H&R Real Estate Investment Trust from C$15.50 to C$17.00 in a report on Monday. Finally, BMO Capital Markets increased their target price on shares of H&R Real Estate Investment Trust from C$16.00 to C$18.00 in a report on Monday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $18.14.

Shares of H&R Real Estate Investment Trust stock traded up $0.34 during trading on Wednesday, reaching $10.50. 1,387 shares of the stock were exchanged, compared to its average volume of 5,677. The stock’s fifty day moving average is $10.13 and its 200 day moving average is $11.05. H&R Real Estate Investment Trust has a 1 year low of $9.11 and a 1 year high of $13.88.

H&R Real Estate Investment Trust Company Profile (Get Rating)

H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $13.3 billion at September 30, 2020. H&R REIT has ownership interests in a North American portfolio of high quality office, retail, industrial and residential properties comprising over 40 million square feet.

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