Scotiabank Has Lowered Expectations for H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price

H&R Real Estate Investment Trust (TSE:HR.UN) had its price target cut by investment analysts at Scotiabank from C$12.50 to C$12.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price points to a potential upside of 15.94% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. TD Securities lowered their price objective on H&R Real Estate Investment Trust from C$14.50 to C$14.00 and set a “buy” rating on the stock in a research report on Tuesday, July 29th. BMO Capital Markets increased their price objective on H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a research report on Wednesday. National Bankshares lifted their price objective on H&R Real Estate Investment Trust from C$10.50 to C$10.75 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank Of Canada upped their target price on shares of H&R Real Estate Investment Trust from C$11.50 to C$13.50 and gave the company an “outperform” rating in a research note on Friday, August 15th. Finally, CIBC reduced their price target on shares of H&R Real Estate Investment Trust from C$13.50 to C$11.50 in a research note on Monday, November 17th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, H&R Real Estate Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.21.

H&R Real Estate Investment Trust Stock Down 0.2%

TSE:HR.UN traded down C$0.02 on Wednesday, reaching C$10.35. 808,266 shares of the stock traded hands, compared to its average volume of 617,148. The company has a market capitalization of C$2.72 billion, a price-to-earnings ratio of -6.63 and a beta of 0.92. 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 12 month low of C$8.95 and a 12 month high of C$12.77. The company’s fifty day simple moving average is C$11.27 and its 200 day simple moving average is C$11.30.

H&R Real Estate Investment Trust (TSE:HR.UN) last issued its 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 firm had revenue of C$201.73 million for the quarter. Equities analysts predict 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 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.