Scotiabank 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 hoisted by Scotiabank from C$11.50 to C$11.75 in a research note issued to investors on Friday morning,BayStreet.CA reports.

Separately, TD Securities increased their price target on shares of H&R Real Estate Investment Trust from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Wednesday, September 4th.

H&R Real Estate Investment Trust Stock Down 0.2 %

HR.UN opened at C$10.00 on Friday. The business has a 50 day moving average of C$10.97 and a 200-day moving average of C$9.94. The stock has a market capitalization of C$2.62 billion, a price-to-earnings ratio of -12.20 and a beta of 1.98. 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 has a 1-year low of C$8.63 and a 1-year high of C$11.67.

H&R Real Estate Investment Trust Company Profile

H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $14.5 billion at March 31, 2019. H&R REIT has ownership interests in a North American portfolio of high quality office, retail, industrial and residential properties comprising over 43 million square feet.