H&R Real Estate Investment Trust (TSE:HR.UN) Given New C$11.00 Price Target at TD

H&R Real Estate Investment Trust (TSE:HR.UN) had its price target reduced by TD from C$11.50 to C$11.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. TD’s price target indicates a potential upside of 8.91% from the company’s current price.

Separately, National Bank Financial downgraded shares of H&R Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$12.25 to C$11.50 in a report on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, H&R Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of C$11.50.

H&R Real Estate Investment Trust Trading Down 1.8%

TSE HR.UN traded down C$0.19 during trading hours on Tuesday, hitting C$10.10. 498,520 shares of the company’s stock were exchanged, compared to its average volume of 705,587. The firm has a market cap of C$2.67 billion, a price-to-earnings ratio of -4.64 and a beta of 0.57. The stock has a 50-day simple moving average of C$10.94 and a 200 day simple moving average of C$10.59. The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68. H&R Real Estate Investment Trust has a 1-year low of C$9.39 and a 1-year high of C$12.25.

H&R Real Estate Investment Trust (TSE:HR.UN) last announced its quarterly earnings data on Wednesday, August 12th. The real estate investment trust reported C$0.14 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 company had revenue of C$169.78 million during the quarter. On average, equities analysts forecast that H&R Real Estate Investment Trust will post 1.3814956 EPS 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.