Scotiabank Trims H&R Real Estate Investment Trust (TSE:HR.UN) Target Price to C$15.25

H&R Real Estate Investment Trust (TSE:HR.UN) had its price objective reduced by research analysts at Scotiabank from C$18.25 to C$15.25 in a report released on Friday, BayStreet.CA reports. Scotiabank’s target price suggests a potential upside of 14.92% from the company’s previous close.

Other analysts also recently issued reports about the company. National Bank Financial lowered their price objective on H&R Real Estate Investment Trust to C$17.00 and set an “outperform” rating for the company in a research note on Thursday, January 6th. CIBC lowered their price objective on H&R Real Estate Investment Trust from C$19.50 to C$15.50 and set an “outperform” rating for the company in a research note on Thursday, January 6th. National Bankshares lowered their price objective on H&R Real Estate Investment Trust from C$21.50 to C$17.00 in a research note on Thursday, January 6th. BMO Capital Markets lowered their price objective on H&R Real Estate Investment Trust from C$19.00 to C$16.00 and set an “outperform” rating for the company in a research note on Thursday, January 6th. Finally, TD Securities decreased their price target on H&R Real Estate Investment Trust from C$20.00 to C$15.50 and set a “buy” rating for the company in a research report on Wednesday, January 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$16.46.

Shares of H&R Real Estate Investment Trust stock traded down C$0.07 on Friday, hitting C$13.27. The company had a trading volume of 722,919 shares, compared to its average volume of 1,559,039. The stock has a market capitalization of C$3.83 billion and a price-to-earnings ratio of 7.61. H&R Real Estate Investment Trust has a 1 year low of C$11.99 and a 1 year high of C$17.27. The stock has a 50 day moving average of C$15.73 and a 200-day moving average of C$16.20. The company has a debt-to-equity ratio of 95.16, a quick ratio of 0.07 and a current ratio of 0.72.

In other news, Director Ronald C. Rutman acquired 35,160 shares of H&R Real Estate Investment Trust stock in a transaction on Wednesday, January 5th. The stock was acquired at an average cost of C$13.15 per share, with a total value of C$462,311.81. Following the completion of the acquisition, the director now owns 1,374,800 shares in the company, valued at C$18,076,970.24. Also, Director Alexander Danial Avery acquired 32,000 shares of H&R Real Estate Investment Trust stock in a transaction on Friday, November 26th. The shares were purchased at an average cost of C$16.20 per share, with a total value of C$518,400.00. Following the completion of the acquisition, the director now owns 207,000 shares of the company’s stock, valued at approximately C$3,353,400. Insiders have purchased 92,160 shares of company stock valued at $1,371,113 over the last ninety days.

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.

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