H&R Real Estate Investment Trust sees mixed performance amid acquisition news.
This week, H&R Real Estate Investment Trust (HR-UN.TO) experienced a slight decline in stock price, closing at C$9.83, down 0.90% over the week. However, the company is making headlines with significant developments regarding its future.
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H&R Real Estate Investment Trust
HR-UN.TO
HR-UN.TO
H&R Real Estate Investment Trust
WealthAwesomeMarket cap
$2.77B
Div. yield
6.15%
Div. / share
$0.60
52W high
$11.63
52W low
$9.00
1W change
-0.90%
Beta
1.09
Analyst Price Targets
Based on analyst covering HR-UN
Wall Street analysts forecast HR-UN stock price to rise 18.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$11.70
+18.3% Upside
Current Price
C$9.89
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on HR-UN's historical volatility
30-Day Vol
21.2%
Annualized
90-Day Vol
22.8%
Annualized
Trend (90d)
-17.1%
Annualized drift
90d Mean
C$9.31
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$9.69 | C$9.01 โ C$10.43 |
| 60 trading days | C$9.50 | C$8.56 โ C$10.53 |
| 90 trading days | C$9.31 | C$8.20 โ C$10.56 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should note the recent acquisition agreement and its potential implications for H&R's future performance, as well as the REIT's current financial metrics.
C$6.7 billion acquisition agreement announced.
H&R's assets are set to be acquired in a transaction valued at approximately C$6.7 billion, indicating strong interest from major investment players.
Bull case
The ongoing acquisition by a consortium, including Blackstone, could enhance H&R's asset valuation and boost investor confidence, which may lead to a recovery in the stock price.
Bear case
Despite the acquisition, H&R's financials reveal a concerning profit margin and negative returns, which might raise concerns for potential investors.
Recent Price Action
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H&R Real Estate Investment Trust closed at C$9.83 on Thursday, marking a 1.44% increase for the day. Despite this uptick, the stock has seen a decline of 0.90% over the past week and is down 10.25% month-to-date. Year-to-date, the stock has lost 3.98%.
Acquisition News
H&R has entered into an agreement valued at approximately C$6.7 billion with GO Residential Real Estate Investment Trust and a consortium that includes Blackstone Real Estate, Crestpoint Real Estate Investments, and PSP Investments. This transaction will involve the acquisition of all H&R's assets, potentially reshaping the REIT's future and investor sentiment.
Technical Picture
Currently, H&R's stock is trading below its 50-day moving average of C$10.83 and its 200-day moving average of C$10.53, indicating a bearish trend. The stock has a 52-week range between C$9.00 and C$11.63, with its current price at 32% of that range. The stock has a beta of 1.09, suggesting it is slightly more volatile than the market. The latest trading volume was 445,244 shares, which is below the 20-day average volume of 1,237,413 shares, indicating lower trading activity.
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