H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Down 2.3% - What's Next?

Shares of H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) dropped 2.3% on Friday . The company traded as low as C$9.51 and last traded at C$9.52. Approximately 734,059 shares traded hands during mid-day trading, an increase of 62% from the average daily volume of 454,190 shares. The stock had previously closed at C$9.74.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. TD Securities upped their price target on H&R Real Estate Investment Trust from C$11.00 to C$12.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Scotiabank boosted their price objective on shares of H&R Real Estate Investment Trust from C$11.50 to C$11.75 in a report on Friday, November 15th.

H&R Real Estate Investment Trust Trading Down 2.3 %

The business's 50-day moving average is C$10.59 and its two-hundred day moving average is C$10.01. The company has a debt-to-equity ratio of 73.68, a current ratio of 0.31 and a quick ratio of 0.19. The firm has a market cap of C$2.49 billion, a P/E ratio of -11.61 and a beta of 1.98.

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.