US real estate

National Bankshares raises target price of H&R Real Estate Investment Trust (TSE:HR.UN) to C$18.50


H&R Real Estate Investment Trust (TSE:HR.UN – Get Rating) had its price target raised by investment analysts at National Bankshares from CA$17.00 to CA$18.50 in a report on Monday, BayStreet.CA reports. The company currently has an “outperform” rating on shares of the real estate investment trust. National Bank’s stock price target would suggest a potential upside of 40.58% from the current stock price.

A number of other brokerages have also recently weighed in on HR.UN. CIBC raised its target price on shares of H&R Real Estate Investment Trust from C$15.50 to C$17.50 and gave the stock an “outperform” rating in a research note on Monday. Royal Bank of Canada lowered its target price on shares of H&R Real Estate Investment Trust from C$19.00 to C$14.25 and set an ‘industry performance’ rating for the company in a research note Thursday, February 17. One research analyst gave the stock a hold rating and five gave the company a buy rating. According to MarketBeat.com, the company has an average buy rating and a consensus price target of C$17.04.

H&R Real Estate Investment Trust stock traded at C$0.09 midday on Monday, hitting C$13.16. The company had a trading volume of 825,688 shares, compared to its average volume of 1,156,973. H&R Real Estate Investment Trust has a fifty-two week low of C$11.68 and a fifty-two week high from CA$17.27. The company has a 50-day simple moving average of C$12.84 and a 200-day simple moving average of C$14.03. The company has a market capitalization of C$3.74 billion and a P/E ratio of 6.33. The company has a current ratio of 0.64, a quick ratio of 0.42 and a debt ratio of 86.98.

Separately, director Jennifer Alyse Chasson purchased 2,275 shares of the company in a trade on Wednesday, March 23. The shares were acquired at an average price of CA$13.23 per share, with a total value of CA$30,098.25. Following the purchase, the director now directly owns 2,275 shares of the company, valued at C$30,098.25. Additionally, senior officer Cheryl Fried sold 10,000 shares of the company in a trade that took place on Thursday, March 17. The stock was sold at an average price of CA$13.23, for a total transaction of CA$132,301.00. In the past three months, insiders have acquired 5,864 shares of the company valued at $76,520.

About H&R Real Estate Investment Trust (Get a rating)

H&R REIT is one of Canada’s largest real estate investment trusts with total assets of approximately $14.5 billion as of March 31, 2019. H&R REIT holds interests in a North American portfolio of office properties, of high-quality retail, industrial and residential comprising more than 43 million feet.

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



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