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

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

Other equities analysts have also recently issued reports about the company. Scotiabank lifted their target price on H&R Real Estate Investment Trust from C$11.50 to C$11.75 in a report on Friday, November 15th. TD Securities boosted their price objective on H&R Real Estate Investment Trust from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th.

H&R Real Estate Investment Trust Trading Down 0.8 %

Shares of TSE:HR.UN opened at C$9.79 on Wednesday. The stock has a market capitalization of C$2.57 billion, a price-to-earnings ratio of -11.94 and a beta of 1.98. H&R Real Estate Investment Trust has a 1-year low of C$8.63 and a 1-year high of C$11.67. The company has a 50 day moving average price of C$10.47 and a 200 day moving average price of C$10.01. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31.

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.