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

H&R Real Estate Investment Trust (TSE:HR.UN) had its price objective hoisted by BMO Capital Markets from C$11.00 to C$11.50 in a research note published on Wednesday,BayStreet.CA reports.

A number of other equities analysts have also recently weighed in on the stock. National Bankshares lifted their price target on shares of H&R Real Estate Investment Trust from C$10.50 to C$10.75 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank Of Canada raised their price objective on H&R Real Estate Investment Trust from C$11.50 to C$13.50 and gave the stock an “outperform” rating in a research note on Friday, August 15th. TD Securities decreased their target price 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. Finally, CIBC lowered their price target on H&R Real Estate Investment Trust from C$13.50 to C$11.50 in a report 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$12.21.

H&R Real Estate Investment Trust Price Performance

Shares of HR.UN opened at C$10.32 on Wednesday. The stock has a market cap of C$2.71 billion, a P/E ratio of -6.61 and a beta of 0.92. H&R Real Estate Investment Trust has a 1 year low of C$8.95 and a 1 year high of C$12.77. The stock’s 50-day moving average price is C$11.17 and its two-hundred day moving average price is C$11.29. 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 (TSE:HR.UN) last announced its quarterly earnings results on Friday, November 14th. The real estate investment trust reported C$0.29 earnings per share for the quarter. The business had revenue of C$201.73 million 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%. On average, equities 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 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.