Short Interest in H&R Real Estate Investment Trust (OTCMKTS:HRUFF) Increases By 10.6%

H&R Real Estate Investment Trust (OTCMKTS:HRUFF) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 962,900 shares, an increase of 10.6% from the August 15th total of 870,500 shares. Based on an average daily volume of 7,600 shares, the days-to-cover ratio is presently 126.7 days.

H&R Real Estate Investment Trust Trading Up 3.5 %

Shares of OTCMKTS:HRUFF traded up $0.26 on Monday, hitting $7.71. 4,690 shares of the company’s stock were exchanged, compared to its average volume of 7,560. The firm’s 50-day moving average is $7.71 and its 200 day moving average is $8.15. H&R Real Estate Investment Trust has a 1-year low of $7.25 and a 1-year high of $9.87.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Scotiabank reduced their price target on H&R Real Estate Investment Trust from C$14.25 to C$13.25 in a research report on Wednesday, August 16th. National Bank Financial dropped their price objective on H&R Real Estate Investment Trust from C$12.00 to C$11.25 in a report on Tuesday, July 18th. Finally, Royal Bank of Canada dropped their price objective on H&R Real Estate Investment Trust from C$14.00 to C$13.00 in a report on Monday, August 14th.

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 $11.1 billion as at June 30, 2023. H&R REIT has ownership interests in a North American portfolio comprised of high-quality residential, industrial, office and retail properties comprising over 27.7 million square feet.