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

H&R Real Estate Investment Trust (TSE:HR.UN) had its price target decreased by CIBC from C$13.50 to C$11.50 in a research report released on Monday,BayStreet.CA reports.

Several other research firms also recently commented on HR.UN. TD Securities cut their target price on H&R Real Estate Investment Trust from C$14.50 to C$14.00 and set a “buy” rating for the company in a research report on Tuesday, July 29th. Royal Bank Of Canada increased their price objective on H&R Real Estate Investment Trust from C$11.50 to C$13.50 and gave the stock an “outperform” rating in a research note on Friday, August 15th. Finally, National Bankshares reduced their target price on shares of H&R Real Estate Investment Trust from C$13.00 to C$12.50 and set a “sector perform” rating on the stock in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, H&R Real Estate Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of C$12.75.

H&R Real Estate Investment Trust Stock Performance

TSE HR.UN opened at C$9.89 on Monday. The stock has a market cap of C$2.60 billion, a P/E ratio of -6.33 and a beta of 0.92. The company’s 50-day simple moving average is C$11.52 and its 200 day simple moving average is C$11.29. H&R Real Estate Investment Trust has a twelve month low of C$8.95 and a twelve month high of C$12.77. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68.

H&R Real Estate Investment Trust (TSE:HR.UN) last announced its quarterly earnings results on Friday, November 14th. The real estate investment trust reported C$0.29 EPS for the quarter. The firm had revenue of C$201.73 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%. As a group, research analysts forecast that H&R Real Estate Investment Trust will post 1.3814956 earnings per share for the current fiscal year.

H&R Real Estate Investment Trust Company Profile

H&R REIT is one of Canada’s largest real estate investment trusts with total post-Primaris spin-off pro forma assets of approximately $10.7 billion. H&R REIT has ownership interests in a North American portfolio comprised of high quality office, industrial, residential and retail properties comprising over 29.4 million square feet post-Primaris spin off.