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

H&R Real Estate Investment Trust (TSE:HR.UN) had its target price hoisted by equities research analysts at National Bankshares from C$10.75 to C$11.50 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. National Bankshares’ price objective would suggest a potential upside of 6.09% from the company’s previous close.

Several other equities research analysts have also commented on HR.UN. Canadian Imperial Bank of Commerce lowered their price objective on H&R Real Estate Investment Trust from C$13.50 to C$11.50 in a research report on Monday, November 17th. BMO Capital Markets increased their price target on shares of H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a report on Wednesday, November 26th. Finally, Scotiabank cut their price objective on shares of H&R Real Estate Investment Trust from C$12.50 to C$12.00 and set a “sector perform” rating for the company in a report on Wednesday, November 26th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, H&R Real Estate Investment Trust has an average rating of “Moderate Buy” and a consensus target price of C$12.33.

H&R Real Estate Investment Trust Price Performance

Shares of HR.UN opened at C$10.84 on Thursday. The business’s 50-day moving average is C$10.49 and its two-hundred day moving average is C$11.15. The company has a market capitalization of C$2.85 billion, a P/E ratio of -6.94 and a beta of 0.82. H&R Real Estate Investment Trust has a fifty-two week low of C$8.95 and a fifty-two week high of C$12.77. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31.

H&R Real Estate Investment Trust (TSE:HR.UN) last issued its earnings results on Friday, November 14th. The real estate investment trust reported C$0.29 EPS for the quarter. The firm had revenue of C$201.73 million 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%. Research analysts predict that H&R Real Estate Investment Trust will post 1.3814956 earnings per share for the current year.

H&R Real Estate Investment Trust Company Profile

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. H&R is currently undergoing a five-year, strategic repositioning to transform into a simplified, growth-oriented company focusing on multi-residential and industrial properties to surface significant value for unitholders.