CIBC Issues Pessimistic Forecast for H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price

H&R Real Estate Investment Trust (TSE:HR.UN) had its target price cut by stock analysts at CIBC from C$13.50 to C$11.50 in a research report issued on Monday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 15.93% from the stock’s current price.

Several other equities research analysts also recently commented on HR.UN. TD Securities decreased 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 for the company in a research report on Tuesday, July 29th. National Bankshares decreased their price objective on H&R Real Estate Investment Trust from C$13.00 to C$12.50 and set a “sector perform” rating for the company in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada upped 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 report on Friday, August 15th. 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 currently has an average rating of “Moderate Buy” and an average target price of C$12.75.

H&R Real Estate Investment Trust Trading Down 0.7%

Shares of HR.UN stock traded down C$0.07 during trading hours on Monday, hitting C$9.92. 751,160 shares of the company were exchanged, compared to its average volume of 610,569. The company has a 50 day simple moving average of C$11.56 and a two-hundred day simple moving average of C$11.29. The firm has a market cap of C$2.60 billion, a P/E ratio of -6.35 and a beta of 0.92. 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 posted its quarterly earnings results on Friday, November 14th. The real estate investment trust reported C$0.29 earnings per share for the quarter. The firm 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%. Equities analysts anticipate that H&R Real Estate Investment Trust will post 1.3814956 EPS 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.