H&R Real Estate Investment Trust (TSE:HR.UN) Receives Consensus ‘Buy’ Rating from Analysts

H&R Real Estate Investment Trust (TSE:HR.UN – Get Rating) has been assigned an average “Buy” recommendation by the seven rating companies that cover the stock, reports MarketBeat. One investment analyst rated the stock with a hold recommendation and four gave the company a buy recommendation. The 12-month average target price among brokerages that have hedged the stock over the past year is C$17.21.

A number of analysts have recently released reports on the stock. Royal Bank of Canada raised its price target on shares of H&R Real Estate Investment Trust from C$14.25 to C$16.00 and gave the stock an ‘sector performance’ rating in a report Monday, May 16. CIBC raised its price target 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 report released Monday, May 16 . National Bankshares raised its price target on shares of H&R Real Estate Investment Trust from C$17.00 to C$18.50 and gave the stock an “outperform” rating in a Monday, May 16 report. TD Securities raised its price target on shares of H&R Real Estate Investment Trust from C$15.50 to C$17.00 and gave the stock a “buy” rating in a Monday report. May 16. Finally, Scotiabank raised its price target on shares of H&R Real Estate Investment Trust from C$15.25 to C$16.50 in a Wednesday, May 18 report.

In addition, director Jennifer Alyse Chasson acquired 2,275 shares of the company in a transaction dated Wednesday, March 23. The stock was purchased at an average price of CA$13.23 per share, for a total transaction of CA$30,098.25. Following the completion of the transaction, the administrator now owns 2,275 shares of the company, valued at C$30,098.25. Additionally, director Ronald C. Rutman acquired 20,000 shares of the company in a transaction dated Wednesday, June 15. The shares were purchased at an average price of CA$12.75 per share, for a total value of CA$254,932.00. Following completion of the transaction, the administrator now directly owns 1,551,000 shares of the company, valued at approximately C$19,769,976.60.

Shares of HR.UN opened at C$12.31 on Tuesday. H&R Real Estate Investment Trust has a one-year low of CA$11.68 and a one-year high of CA$17.27. The company has a 50-day moving average of C$13.06 and a 200-day moving average of C$13.45. The company has a debt ratio of 75.28, a current ratio of 0.73 and a quick ratio of 0.45. The company has a market capitalization of C$3.38 billion and a P/E ratio of 2.51.

Company Profile H&R Real Estate Investment Trust (Get an evaluation)

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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