H&R Real Estate Investment Trust (TSE:HR.UN) Price Target Raised to C$10.75

H&R Real Estate Investment Trust (TSE:HR.UN) had its price objective boosted by National Bankshares from C$10.50 to C$10.75 in a report issued on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the real estate investment trust’s stock.

HR.UN has been the subject of several other reports. CIBC dropped their price objective on H&R Real Estate Investment Trust from C$13.50 to C$11.50 in a report on Monday, November 17th. TD Securities dropped their price target 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. BMO Capital Markets cut their price objective on shares of H&R Real Estate Investment Trust from C$13.50 to C$11.00 in a research report on Monday, November 17th. Finally, Royal Bank Of Canada raised 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 report on Friday, August 15th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$12.21.

H&R Real Estate Investment Trust Stock Performance

TSE HR.UN opened at C$10.32 on Wednesday. The firm has a 50-day moving average price of C$11.17 and a two-hundred day moving average price of C$11.29. 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 has a market capitalization of C$2.71 billion, a P/E ratio of -6.61 and a beta of 0.92. 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 released its quarterly earnings results on Friday, November 14th. The real estate investment trust reported C$0.29 earnings per share for the quarter. The company had revenue of C$201.73 million during 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%. Analysts anticipate 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 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.