H&R Real Estate Investment Trust (TSE:HR.UN) Trading Down 14.9% – Should You Sell?

H&R Real Estate Investment Trust (TSE:HR.UN)’s stock price was down 14.9% during mid-day trading on Friday . The stock traded as low as C$9.39 and last traded at C$9.42. Approximately 1,331,444 shares traded hands during trading, an increase of 124% from the average daily volume of 593,841 shares. The stock had previously closed at C$11.07.

Wall Street Analyst Weigh In

HR.UN has been the topic of several recent research reports. Royal Bank Of Canada raised their price objective on H&R Real Estate Investment Trust from C$11.50 to C$13.50 and gave the stock an “outperform” rating in a research note on Friday, August 15th. TD Securities cut their price objective 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 research note on Tuesday, July 29th. Finally, National Bankshares decreased their target price 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 note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$13.10.

H&R Real Estate Investment Trust Price Performance

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’s fifty day moving average price is C$11.60 and its 200 day moving average price is C$11.27. The stock has a market cap of C$2.48 billion, a PE ratio of -25.58 and a beta of 0.92.

H&R Real Estate Investment Trust (TSE:HR.UN) last announced 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 net margin of 20.83% and a negative return on equity of 4.16%. The company had revenue of C$201.73 million for the quarter. As a group, equities analysts expect 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 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.