Scotiabank Cuts H&R Real Estate Investment Trust (TSE:HR.UN) Price Target to C$12.00

H&R Real Estate Investment Trust (TSE:HR.UN) had its price target reduced by Scotiabank from C$12.50 to C$12.00 in a report issued on Wednesday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets boosted their price objective on H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a research report on Wednesday. Royal Bank Of Canada lifted their price target 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 report on Friday, August 15th. National Bankshares upped their price target on H&R Real Estate Investment Trust from C$10.50 to C$10.75 and gave the stock an “outperform” rating in a report on Wednesday. CIBC lowered their price objective on shares of H&R Real Estate Investment Trust from C$13.50 to C$11.50 in a research note on Monday, November 17th. Finally, TD Securities dropped their target price on shares of H&R Real Estate Investment Trust from C$14.50 to C$14.00 and set a “buy” rating on the stock in a research report on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.21.

H&R Real Estate Investment Trust Price Performance

TSE HR.UN opened at C$10.32 on Wednesday. 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 company has a fifty day simple moving average of C$11.17 and a 200 day simple moving average of 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. The company 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 (TSE:HR.UN) last announced its earnings results on Friday, November 14th. The real estate investment trust reported C$0.29 EPS 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%. The firm had revenue of C$201.73 million for the quarter. On average, sell-side analysts predict that H&R Real Estate Investment Trust will post 1.3814956 EPS 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.