H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

H&R Real Estate Investment Trust (TSE:HR.UN) had its target price upped by analysts at BMO Capital Markets from C$11.00 to C$11.50 in a research note issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 16.87% from the company’s previous close.

Separately, TD Securities lifted their price objective on shares of H&R Real Estate Investment Trust from C$11.00 to C$11.50 and gave the company a “buy” rating in a report on Thursday.

H&R Real Estate Investment Trust Price Performance

Shares of TSE:HR.UN opened at C$9.84 on Thursday. H&R Real Estate Investment Trust has a twelve month low of C$8.63 and a twelve month high of C$11.67. The stock’s 50 day moving average is C$9.82 and its 200-day moving average is C$9.77. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68. The firm has a market capitalization of C$2.58 billion, a price-to-earnings ratio of -12.00 and a beta of 1.98.

About H&R Real Estate Investment Trust

H&R REIT is one of Canada’s largest real estate investment trusts with total post-Primaris spin-off pro forma assets of approximately $10.7 billion. H&R REIT has ownership interests in a North American portfolio comprised of high quality office, industrial, residential and retail properties comprising over 29.4 million square feet post-Primaris spin off.