H&R Real Estate Investment Trust (HR.UN) Price Target Raised to C$26.00 at CIBC

H&R Real Estate Investment Trust (TSE:HR.UN) had its price target increased by analysts at CIBC from C$25.00 to C$26.00 in a research note issued on Thursday, BayStreet.CA reports. CIBC’s target price points to a potential upside of 11.88% from the company’s current price.

HR.UN has been the subject of several other reports. Royal Bank of Canada upped their price objective on H&R Real Estate Investment Trust from C$22.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 20th. TD Securities upped their price objective on H&R Real Estate Investment Trust from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 19th. Desjardins upped their price objective on H&R Real Estate Investment Trust from C$24.00 to C$24.50 in a research report on Tuesday, February 19th. Raymond James reaffirmed a “market perform” rating on shares of H&R Real Estate Investment Trust in a research report on Wednesday, February 20th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a C$24.50 price objective on shares of H&R Real Estate Investment Trust in a research report on Monday, February 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of C$25.42.

TSE:HR.UN opened at C$23.24 on Thursday. H&R Real Estate Investment Trust has a 1 year low of C$19.74 and a 1 year high of C$23.53. The company has a quick ratio of 0.17, a current ratio of 0.56 and a debt-to-equity ratio of 92.77. The stock has a market capitalization of $6.64 billion and a price-to-earnings ratio of 11.14.

In other news, Senior Officer Larry Froom sold 3,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$23.11, for a total transaction of C$69,330.00. Also, Director Laurence A. Lebovic sold 2,948 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$22.80, for a total value of C$67,214.40. Insiders have sold 117,299 shares of company stock valued at $2,733,328 over the last ninety days.

About H&R Real Estate Investment Trust

H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $14.7 billion at December 31, 2018. H&R REIT has ownership interests in a North American portfolio of high quality office, retail, industrial and residential properties comprising over 42 million square feet.

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

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