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

H&R Real Estate Investment Trust (TSE:HR.UN) had its price objective reduced by TD from C$11.50 to C$11.00 in a research report released on Tuesday,BayStreet.CA reports. They currently have a buy rating on the real estate investment trust’s stock.

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 research note on Thursday, August 13th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$11.50.

H&R Real Estate Investment Trust Price Performance

Shares of TSE:HR.UN opened at C$10.05 on Tuesday. The business has a 50 day moving average price of C$10.88 and a 200 day moving average price of C$10.57. H&R Real Estate Investment Trust has a twelve month low of C$9.39 and a twelve month high of C$12.25. The company has a market cap of C$2.66 billion, a price-to-earnings ratio of -4.62 and a beta of 0.57. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68.

H&R Real Estate Investment Trust (TSE:HR.UN) last issued its quarterly earnings results 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 return on equity of 4.16% and a negative net margin of 20.83%.The company had revenue of C$169.78 million for the quarter. Research analysts predict that H&R Real Estate Investment Trust will post 1.3814956 earnings per share for the current 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.