H&R Real Estate Investment Trust (TSE:HR.UN) Upgraded by Royal Bank of Canada to “Outperform” Rating

H&R Real Estate Investment Trust (TSE:HR.UN) was upgraded by stock analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a C$11.50 price target on the real estate investment trust’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 17.47% from the company’s previous close.

HR.UN has been the subject of several other research reports. Scotiabank lifted their price objective on shares of H&R Real Estate Investment Trust from C$11.50 to C$11.75 in a research note on Friday, November 15th. TD Securities boosted their price target 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.

H&R Real Estate Investment Trust Price Performance

TSE HR.UN opened at C$9.79 on Wednesday. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68. The stock has a market capitalization of C$2.57 billion, a PE ratio of -11.94 and a beta of 1.98. H&R Real Estate Investment Trust has a 12-month low of C$8.63 and a 12-month high of C$11.67. The company has a 50 day moving average price of C$10.47 and a two-hundred day moving average price of C$10.01.

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.