Shares of H&R Real Estate Investment Trust (TSE:HR.UN – Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$9.32 and last traded at C$9.34, with a volume of 306333 shares changing hands. The stock had previously closed at C$9.60.
Analysts Set New Price Targets
Several equities analysts have weighed in on HR.UN shares. TD lowered their price objective on shares of H&R Real Estate Investment Trust from C$11.50 to C$11.00 and set a “buy” rating on the stock in a research report on Tuesday, August 25th. National Bank Financial lowered H&R Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$12.25 to C$11.50 in a report on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$11.50.
Read Our Latest Stock Analysis on H&R Real Estate Investment Trust
H&R Real Estate Investment Trust Stock Performance
H&R Real Estate Investment Trust (TSE:HR.UN – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The real estate investment trust reported C$0.14 EPS for the quarter. The company had revenue of C$169.78 million during 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, research 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.
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