TD Securities Lowers 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 decreased by equities researchers at TD Securities from C$12.00 to C$11.50 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. TD Securities’ target price points to a potential upside of 9.42% from the company’s previous close.

A number of other equities research analysts have also recently commented on HR.UN. Scotiabank lowered their price target on shares of H&R Real Estate Investment Trust from C$12.50 to C$12.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 26th. BMO Capital Markets boosted their target price on H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a research note on Wednesday, November 26th. National Bank Financial increased their price target on H&R Real Estate Investment Trust from C$10.75 to C$11.50 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. Finally, Canadian Imperial Bank of Commerce decreased 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. Four equities research 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, H&R Real Estate Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of C$12.00.

H&R Real Estate Investment Trust Price Performance

HR.UN opened at C$10.51 on Tuesday. The firm has a market cap of C$2.78 billion, a P/E ratio of -3.49 and a beta of 0.82. The firm has a 50-day moving average of C$10.57 and a 200 day moving average of C$11.09. 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 has a fifty-two week low of C$8.95 and a fifty-two week high of C$12.77.

H&R Real Estate Investment Trust (TSE:HR.UN) last announced its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported C($1.19) EPS for the quarter. The company had revenue of C$203.75 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 expect 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. 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.