TD Securities Cuts H&R Real Estate Investment Trust (TSE:HR.UN) Price Target to C$11.50

H&R Real Estate Investment Trust (TSE:HR.UN) had its target price decreased by TD Securities from C$12.00 to C$11.50 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the real estate investment trust’s stock.

Several other research analysts also recently issued reports on the company. National Bank Financial upped their price objective on H&R Real Estate Investment Trust from C$10.75 to C$11.50 and gave the company a “sector perform” rating in a research note on Thursday, February 5th. BMO Capital Markets upped their price target on shares of H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a research report on Wednesday, November 26th. Canadian Imperial Bank of Commerce cut their price target on shares of H&R Real Estate Investment Trust from C$13.50 to C$11.50 in a report on Monday, November 17th. Finally, Scotiabank reduced their price objective on shares of 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 research note on Wednesday, November 26th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, H&R Real Estate Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.00.

H&R Real Estate Investment Trust Stock Down 0.1%

Shares of TSE:HR.UN opened at C$10.50 on Tuesday. H&R Real Estate Investment Trust has a 52-week low of C$8.95 and a 52-week high of C$12.77. The company has a market capitalization of C$2.78 billion, a PE ratio of -3.48 and a beta of 0.82. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31. The company has a fifty day moving average of C$10.59 and a 200-day moving average of C$11.08.

H&R Real Estate Investment Trust (TSE:HR.UN) last issued its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported C($1.19) earnings per share 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$203.75 million for the quarter. On average, 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. 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.