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 target trimmed by TD Securities from C$12.00 to C$11.50 in a research note released on Tuesday,BayStreet.CA reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Other equities research analysts have also issued research reports about the company. Canadian Imperial Bank of Commerce lowered their price objective on H&R Real Estate Investment Trust from C$13.50 to C$11.50 in a research report on Monday, November 17th. BMO Capital Markets boosted their target price on shares of H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a research note on Wednesday, November 26th. Scotiabank lowered their price target on shares of 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 report on Wednesday, November 26th. Finally, National Bank Financial lifted their price objective on shares of H&R Real Estate Investment Trust from C$10.75 to C$11.50 and gave the company a “sector perform” rating in a report on Thursday, February 5th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$11.92.

H&R Real Estate Investment Trust Price Performance

Shares of HR.UN opened at C$10.55 on Tuesday. The business’s 50-day moving average is C$10.56 and its two-hundred day moving average is C$11.09. The company has a market capitalization of C$2.79 billion, a P/E ratio of -3.50 and a beta of 0.82. H&R Real Estate Investment Trust has a fifty-two week low of C$8.95 and a fifty-two week high of C$12.77. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31.

H&R Real Estate Investment Trust (TSE:HR.UN) last issued its quarterly earnings data 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%. Research analysts predict that H&R Real Estate Investment Trust will post 1.3814956 earnings per share for the current 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.