H&R Real Estate Investment Trust (TSE:HR.UN) Given New C$11.50 Price Target at National Bankshares

H&R Real Estate Investment Trust (TSE:HR.UN) had its price objective hoisted by National Bankshares from C$10.75 to C$11.50 in a report released on Thursday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the real estate investment trust’s stock.

A number of other research firms have also issued reports on HR.UN. Scotiabank lowered their target price on 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. CIBC reduced their price objective on shares of H&R Real Estate Investment Trust from C$13.50 to C$11.50 in a research report on Monday, November 17th. Finally, BMO Capital Markets lifted their price objective 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. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, H&R Real Estate Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price of C$12.33.

H&R Real Estate Investment Trust Price Performance

Shares of TSE:HR.UN opened at C$10.76 on Thursday. H&R Real Estate Investment Trust has a 12 month low of C$8.95 and a 12 month high of C$12.77. The stock has a market cap of C$2.83 billion, a price-to-earnings ratio of -6.89 and a beta of 0.82. The stock’s 50 day moving average price is C$10.48 and its 200 day moving average price is C$11.16. The company has a debt-to-equity ratio of 73.68, a current ratio of 0.31 and a quick ratio of 0.19.

H&R Real Estate Investment Trust (TSE:HR.UN) last issued its quarterly earnings results on Friday, November 14th. The real estate investment trust reported C$0.29 earnings per share (EPS) 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 firm had revenue of C$201.73 million during the quarter. Equities research analysts anticipate 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. H&R is currently undergoing a five-year, strategic repositioning to transform into a simplified, growth-oriented company focusing on multi-residential and industrial properties to surface significant value for unitholders.