H&R Real Estate Investment Trust's stock saw a slight decline this week as the company continues its strategic repositioning efforts.
H&R Real Estate Investment Trust (HR-UN.TO) closed at C$11.19, down 0.98% over the past week. The company is actively reshaping its portfolio, focusing on residential and industrial properties while selling off non-core assets. This shift is a key point of interest for investors as H&R navigates the changing real estate landscape.
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H&R Real Estate Investment Trust
HR-UN.TO
HR-UN.TO
H&R Real Estate Investment Trust
WealthAwesomeMarket cap
$3.08B
Div. yield
5.44%
Div. / share
$0.60
52W high
$11.63
52W low
$9.00
1W change
-1.72%
Beta
1.09
Analyst Price Targets
Based on analyst covering HR-UN
Wall Street analysts forecast HR-UN stock price to rise 8.6% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$11.79
+8.6% Upside
Current Price
C$10.85
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
11.3%
Annualized
90-Day Vol
20.9%
Annualized
Trend (90d)
+7.0%
Annualized drift
90d Mean
C$11.13
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$10.94 | C$10.52 – C$11.38 |
| 60 trading days | C$11.03 | C$10.44 – C$11.66 |
| 90 trading days | C$11.13 | C$10.40 – C$11.91 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Investor takeaway: As H&R REIT focuses on a more targeted asset strategy, investors should keep an eye on its upcoming earnings release and any news on asset sales, as these could influence future performance and market sentiment.
H&R REIT's stock has fluctuated between C$9.04 and C$11.69 over the past year, currently sitting at C$11.19.
With a beta of 1.09, H&R REIT's stock is slightly more volatile than the market, suggesting it may experience larger price swings compared to broader market movements.
Bull case
The company's shift towards residential and industrial properties could boost long-term growth potential, especially if the real estate market remains strong. Analysts have a moderately optimistic outlook, with an average target price indicating potential upside.
Bear case
Despite this focused strategy, H&R REIT's negative profit margin and declining share price may raise concerns for investors. The asset sales could take time to show benefits, and ongoing market volatility might further affect performance.
Recent Price Action
H&R Real Estate Investment Trust's stock experienced a slight decline this week, closing at C$11.19, unchanged from the previous day's close. Over the past week, the stock has decreased by 0.98%. Year-to-date, HR-UN.TO has gained 7.86%, showing a generally positive trend despite recent fluctuations.
Company News and Strategic Focus
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While there were no major announcements this week, recent news highlights H&R REIT's ongoing focus on strategic asset sales to transition towards residential and industrial properties. This aligns with their financial results, which indicate progress in executing this strategy. Investors should watch for future earnings releases, as these will shed light on how effective their current strategy is.
Technical Picture
From a technical perspective, H&R REIT's stock is currently trading above both its 50-day moving average of C$10.72 and its 200-day moving average of C$10.66, suggesting a generally positive trend in the short to medium term. The stock's 52-week range is C$9.04 to C$11.69, with the current price at about 81% of this range. Trading volume has been lower than average, with the latest volume at 158,325 shares compared to a 20-day average of 565,981 shares, indicating reduced investor activity.
Insider Activity
Currently, there are no reported insider transactions for H&R Real Estate Investment Trust. Keeping an eye on insider buying or selling can provide additional insights into the company's prospects.
Price Action Summary
As of the last close, H&R Real Estate Investment Trust (HR-UN.TO) is priced at C$11.19, reflecting no change for the day. Investors should stay informed about future developments and market conditions that may affect the stock.
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