H&R Real Estate Investment Trust (TSE:HR.UN) Releases Earnings Results

H&R Real Estate Investment Trust (TSE:HR.UN) issued its earnings results on Wednesday. The real estate investment trust reported C$0.14 EPS for the quarter, FiscalAI reports. The business had revenue of C$169.78 million during the quarter. H&R Real Estate Investment Trust had a negative return on equity of 4.16% and a negative net margin of 20.83%.

H&R Real Estate Investment Trust Stock Performance

Shares of TSE:HR.UN opened at C$10.25 on Thursday. The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68. H&R Real Estate Investment Trust has a 1-year low of C$9.39 and a 1-year high of C$12.25. The stock has a market capitalization of C$2.71 billion, a P/E ratio of -3.48 and a beta of 0.57. The business has a 50-day moving average price of C$11.00 and a two-hundred day moving average price of C$10.61.

Wall Street Analyst Weigh In

Separately, National Bank Financial set a C$12.00 price target on shares of H&R Real Estate Investment Trust and gave the stock an “outperform” rating in a research report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, H&R Real Estate Investment Trust presently has a consensus rating of “Moderate Buy” and an average target price of C$12.00.

About H&R Real Estate Investment Trust

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.