H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

H&R Real Estate Investment Trust (TSE:HR.UN) had its target price upped by Royal Bank Of Canada from C$11.50 to C$13.50 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 13.83% from the company’s previous close.

Several other analysts have also commented on HR.UN. Scotiabank raised their target price on H&R Real Estate Investment Trust from C$12.00 to C$14.00 and gave the stock a “sector perform” rating in a report on Monday, July 7th. BMO Capital Markets upped their price objective on H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a research report on Thursday, May 22nd. Finally, TD Securities cut their target price on shares of H&R Real Estate Investment Trust from C$14.50 to C$14.00 and set a “buy” rating for the company in a report on Tuesday, July 29th.

H&R Real Estate Investment Trust Stock Performance

TSE HR.UN opened at C$11.86 on Friday. The firm has a market capitalization of C$3.11 billion, a P/E ratio of -14.46 and a beta of 1.98. The stock has a 50-day simple moving average of C$11.44 and a two-hundred day simple moving average of C$10.45. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31. H&R Real Estate Investment Trust has a fifty-two week low of C$8.95 and a fifty-two week high of C$12.77.

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.