H&R Real Estate Investment Trust (TSE:HR.UN) Price Target Lowered to C$11.50 at TD Securities

H&R Real Estate Investment Trust (TSE:HR.UN) had its price objective cut by equities researchers at TD Securities from C$12.00 to C$11.50 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. TD Securities’ target price suggests a potential upside of 9.63% from the company’s current price.

HR.UN has been the subject of a number of other reports. National Bank Financial boosted their target price on shares of H&R Real Estate Investment Trust from C$10.75 to C$11.50 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. Scotiabank reduced their price target on H&R Real Estate Investment Trust from C$12.50 to C$12.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 26th. BMO Capital Markets increased their price objective on H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a report on Wednesday, November 26th. Finally, Canadian Imperial Bank of Commerce dropped their price target on H&R Real Estate Investment Trust from C$13.50 to C$11.50 in a research note on Monday, November 17th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.92.

H&R Real Estate Investment Trust Stock Up 0.4%

HR.UN stock traded up C$0.04 during trading on Tuesday, hitting C$10.49. 611,869 shares of the company’s stock traded hands, compared to its average volume of 652,184. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68. The firm has a market capitalization of C$2.78 billion, a P/E ratio of -3.48 and a beta of 0.82. The business has a fifty day simple moving average of C$10.55 and a two-hundred day simple moving average of C$11.10. H&R Real Estate Investment Trust has a 1 year low of C$8.95 and a 1 year high of C$12.77.

H&R Real Estate Investment Trust (TSE:HR.UN) last announced its quarterly earnings results on Thursday, February 12th. The real estate investment trust reported C($1.19) earnings per share (EPS) for the quarter. The company had revenue of C$203.75 million during the quarter. H&R Real Estate Investment Trust had a negative net margin of 20.83% and a negative return on equity of 4.16%. Sell-side analysts anticipate that H&R Real Estate Investment Trust will post 1.3814956 EPS for the current year.

H&R Real Estate Investment Trust Company Profile

H&R REIT is one of Canada’s largest real estate investment trusts. H&R REIT has ownership interests in a Canadian and U.S. portfolio primarily comprised of high-quality residential (operating as Lantower Residential), industrial and office properties comprising approximately 21.3 million square feet.