H&R Real Estate Investment Trust (TSE:HR.UN) Reaches New 52-Week High at $10.88

H&R Real Estate Investment Trust (TSE:HR.UN)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$10.88 and last traded at C$10.87, with a volume of 53063 shares trading hands. The stock had previously closed at C$10.76.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HR.UN shares. Scotiabank boosted their target price on shares of H&R Real Estate Investment Trust from C$11.00 to C$11.25 and gave the stock a “sector perform” rating in a research note on Friday, May 17th. TD Securities raised their target price on H&R Real Estate Investment Trust from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, H&R Real Estate Investment Trust presently has an average rating of “Hold” and a consensus price target of C$11.35.

H&R Real Estate Investment Trust Stock Performance

The company has a market cap of C$2.87 billion, a PE ratio of -13.12 and a beta of 1.97. The stock’s 50-day simple moving average is C$9.68 and its 200 day simple moving average is C$9.32. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31.

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 $14.5 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.