H&R Real Estate Investment Trust (HR.UN) Given New C$28.00 Price Target at National Bank Financial

H&R Real Estate Investment Trust (TSE:HR.UN) had its price target boosted by National Bank Financial from C$27.00 to C$28.00 in a research report released on Thursday morning, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the company. CIBC increased their target price on H&R Real Estate Investment Trust from C$25.00 to C$26.00 in a research note on Thursday. BMO Capital Markets increased their target price on H&R Real Estate Investment Trust from C$24.50 to C$25.00 in a research note on Thursday. Desjardins increased their target price on H&R Real Estate Investment Trust from C$24.00 to C$24.50 in a research note on Tuesday, February 19th. TD Securities increased their target price 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 note on Tuesday, February 19th. Finally, Raymond James restated a market perform rating on shares of H&R Real Estate Investment Trust in a research note on Wednesday, February 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. H&R Real Estate Investment Trust currently has an average rating of Buy and a consensus target price of C$25.42.

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

In other news, Director Edward Allen Gilbert sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of C$22.70, for a total transaction of C$227,000.00. Following the sale, the director now directly owns 65,857 shares in the company, valued at C$1,494,953.90. Also, Senior Officer Cheryl Fried sold 3,755 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$23.27, for a total value of C$87,363.83. Over the last quarter, insiders have sold 117,299 shares of company stock valued at $2,733,328.

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 $14.7 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.

Further Reading: Mutual Funds

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

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