H&R Real Estate Investment Trust (TSE:HR.UN) Upgraded by National Bank Financial to “Outperform” Rating

National Bank Financial upgraded shares of H&R Real Estate Investment Trust (TSE:HR.UN) from a sector perform rating to an outperform rating in a research note issued to investors on Wednesday,BayStreet.CA reports. National Bank Financial currently has C$12.00 price target on the real estate investment trust’s stock, up from their previous price target of C$11.50.

Other equities analysts also recently issued reports about the company. Canadian Imperial Bank of Commerce reduced their price target on H&R Real Estate Investment Trust from C$13.50 to C$11.50 in a report on Monday, November 17th. TD Securities cut their price target on shares of H&R Real Estate Investment Trust from C$12.00 to C$11.50 and set a “buy” rating on the stock in a report on Tuesday. Scotiabank decreased their price objective on shares of H&R Real Estate Investment Trust from C$12.50 to C$12.00 and set a “sector perform” rating for the company in a report on Wednesday, November 26th. Finally, BMO Capital Markets lifted their target price on H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a report on Wednesday, November 26th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, H&R Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average target price of C$12.00.

H&R Real Estate Investment Trust Stock Down 0.4%

TSE:HR.UN opened at C$10.51 on Wednesday. The company has a debt-to-equity ratio of 73.68, a current ratio of 0.31 and a quick ratio of 0.19. The firm’s 50-day moving average price is C$10.57 and its 200-day moving average price is C$11.09. The company has a market capitalization of C$2.78 billion, a PE ratio of -3.49 and a beta of 0.82. H&R Real Estate Investment Trust has a 1-year low of C$8.95 and a 1-year high of C$12.77.

H&R Real Estate Investment Trust (TSE:HR.UN) last announced its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported C($1.19) 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 business had revenue of C$203.75 million during the quarter. On average, equities analysts predict that H&R Real Estate Investment Trust will post 1.3814956 EPS 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. 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.