H&R Real Estate Investment Trust (TSE:HR.UN) Given New C$11.50 Price Target at TD Securities

H&R Real Estate Investment Trust (TSE:HR.UN) had its target price dropped by stock analysts at TD Securities from C$12.00 to C$11.50 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. TD Securities’ price target would indicate a potential upside of 9.63% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Canadian Imperial Bank of Commerce reduced their target price on shares of H&R Real Estate Investment Trust from C$13.50 to C$11.50 in a research report on Monday, November 17th. 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. National Bank Financial boosted their target price 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 report on Thursday, February 5th. Finally, BMO Capital Markets upped their price target on H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a research report on Wednesday, November 26th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$11.92.

H&R Real Estate Investment Trust Price Performance

H&R Real Estate Investment Trust stock traded up C$0.04 during midday trading on Tuesday, reaching C$10.49. The company had a trading volume of 611,869 shares, compared to its average volume of 652,184. The company has a debt-to-equity ratio of 73.68, a current ratio of 0.31 and a quick ratio of 0.19. H&R Real Estate Investment Trust has a 12-month low of C$8.95 and a 12-month high of C$12.77. The company has a market capitalization of C$2.78 billion, a P/E ratio of -3.48 and a beta of 0.82. The firm’s fifty day simple moving average is C$10.55 and its 200-day simple moving average is C$11.10.

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