TD Securities Forecasts Strong Price Appreciation for H&R Real Estate Investment Trust (TSE:HR.UN) Stock

H&R Real Estate Investment Trust (TSE:HR.UN) had its target price lifted by investment analysts at TD Securities from C$11.00 to C$11.50 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. TD Securities’ price objective indicates a potential upside of 16.87% from the stock’s current price.

Separately, BMO Capital Markets set a C$11.00 price objective on H&R Real Estate Investment Trust and gave the stock an “outperform” rating in a research note on Friday, April 25th.

H&R Real Estate Investment Trust Stock Performance

H&R Real Estate Investment Trust stock opened at C$9.84 on Thursday. The company’s 50-day moving average is C$9.82 and its two-hundred day moving average is C$9.77. The company has a market cap of C$2.58 billion, a PE ratio of -12.00 and a beta of 1.98. H&R Real Estate Investment Trust has a 1 year low of C$8.63 and a 1 year high of C$11.67. The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68.

H&R Real Estate Investment Trust Company Profile

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.