H&R Real Estate Investment Trust (TSE:HR.UN) Stock Gets Price Target Cut from Royal Bank Of Canada

H&R Real Estate Investment Trust (TSE:HR.UN) had its price target lowered by Royal Bank Of Canada from C$13.00 to C$11.50 in a research report sent to investors on Tuesday morning,BayStreet reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

Several other equities research analysts also recently weighed in on HR.UN. National Bank Financial downgraded shares of H&R Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$12.25 to C$11.50 in a research report on Thursday, August 13th. TD reduced their price target on shares of H&R Real Estate Investment Trust from C$11.50 to C$11.00 and set a “buy” rating on the stock in a research report on Tuesday, August 25th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$11.50.

H&R Real Estate Investment Trust Stock Up 0.8%

HR.UN stock opened at C$9.85 on Tuesday. H&R Real Estate Investment Trust has a twelve month low of C$9.06 and a twelve month high of C$11.81. The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68. The company has a market capitalization of C$2.61 billion, a P/E ratio of -4.53 and a beta of 0.43. The firm has a 50 day simple moving average of C$9.83 and a 200-day simple moving average of C$10.39.

H&R Real Estate Investment Trust (TSE:HR.UN) last posted its quarterly earnings results on Wednesday, August 12th. The real estate investment trust reported C$0.14 earnings per share (EPS) for 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%. The firm had revenue of C$169.78 million for the quarter. On average, equities research analysts predict that H&R Real Estate Investment Trust will post 1.38 earnings per share for the current fiscal year.

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.