H&R Real Estate Investment Trust (TSE:HR.UN) Price Target Lowered to C$11.00 at TD

H&R Real Estate Investment Trust (TSE:HR.UN) had its price objective decreased by research analysts at TD from C$11.50 to C$11.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. TD’s target price points to a potential upside of 8.91% from the company’s current price.

Separately, National Bank Financial downgraded H&R Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$12.25 to C$11.50 in a report on Thursday, August 13th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$11.50.

H&R Real Estate Investment Trust Stock Down 1.8%

Shares of H&R Real Estate Investment Trust stock traded down C$0.19 on Tuesday, reaching C$10.10. 498,520 shares of the company were exchanged, compared to its average volume of 705,587. The company has a market capitalization of C$2.67 billion, a price-to-earnings ratio of -4.64 and a beta of 0.57. 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 one year low of C$9.39 and a one year high of C$12.25. The company has a 50-day moving average of C$10.94 and a 200 day moving average of C$10.59.

H&R Real Estate Investment Trust (TSE:HR.UN) last announced its earnings results on Wednesday, August 12th. The real estate investment trust reported C$0.14 earnings per share for 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%.The company had revenue of C$169.78 million for the quarter. On average, equities research analysts forecast that H&R Real Estate Investment Trust will post 1.3814956 earnings per share 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.