H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Down 13.2% – What’s Next?

H&R Real Estate Investment Trust (TSE:HR.UN) shares fell 13.2% on Friday . The company traded as low as C$9.39 and last traded at C$9.61. 1,824,185 shares were traded during trading, an increase of 206% from the average session volume of 596,186 shares. The stock had previously closed at C$11.07.

Wall Street Analyst Weigh In

Several analysts have issued reports on HR.UN shares. National Bankshares dropped their price target 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 report on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on H&R Real Estate Investment Trust from C$11.50 to C$13.50 and gave the stock an “outperform” rating in a report on Friday, August 15th. Finally, TD Securities cut their price target 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 report on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$13.10.

H&R Real Estate Investment Trust Trading Down 11.2%

The firm has a market capitalization of C$2.58 billion, a P/E ratio of -26.63 and a beta of 0.92. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68. The firm has a 50 day moving average of C$11.60 and a 200-day moving average of C$11.27.

H&R Real Estate Investment Trust (TSE:HR.UN) last released its earnings results on Friday, November 14th. The real estate investment trust reported C$0.29 earnings per share (EPS) for the quarter. The company had revenue of C$201.73 million 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%. On average, equities research analysts predict 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.