H&R Real Estate Investment Trust (TSE:HR.UN) Upgraded at Royal Bank of Canada

Royal Bank of Canada upgraded shares of H&R Real Estate Investment Trust (TSE:HR.UN) from a sector perform rating to an outperform rating in a report issued on Wednesday morning,BayStreet.CA reports. Royal Bank of Canada currently has C$11.50 target price on the real estate investment trust’s stock.

HR.UN has been the topic of several other reports. Scotiabank raised their price target on H&R Real Estate Investment Trust from C$11.50 to C$11.75 in a research report on Friday, November 15th. TD Securities raised 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 Stock Down 1.2 %

Shares of HR.UN opened at C$9.67 on Wednesday. The firm has a market capitalization of C$2.53 billion, a price-to-earnings ratio of -11.79 and a beta of 1.98. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31. The business’s fifty day moving average price is C$10.44 and its two-hundred day moving average price is C$10.00. H&R Real Estate Investment Trust has a 52 week low of C$8.63 and a 52 week high of C$11.67.

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.