H&R Real Estate Investment Trust (TSE:HR.UN) Issues Earnings Results

H&R Real Estate Investment Trust (TSE:HR.UN) issued its quarterly earnings data on Thursday. The real estate investment trust reported C($0.12) earnings per share (EPS) for the quarter, reports. H&R Real Estate Investment Trust had a negative return on equity of 4.16% and a negative net margin of 20.83%.The firm had revenue of C$184.25 million during the quarter.

H&R Real Estate Investment Trust Stock Performance

Shares of H&R Real Estate Investment Trust stock traded up C$0.10 on Thursday, reaching C$10.49. 430,846 shares of the company traded hands, compared to its average volume of 630,570. H&R Real Estate Investment Trust has a 52 week low of C$9.39 and a 52 week high of C$12.77. The company has a 50 day moving average of C$10.29 and a 200 day moving average of C$10.48. The firm has a market capitalization of C$2.78 billion, a PE ratio of -3.48 and a beta of 0.74. The company has a debt-to-equity ratio of 73.68, a current ratio of 0.31 and a quick ratio of 0.19.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HR.UN shares. TD Securities reduced their price objective on shares of H&R Real Estate Investment Trust from C$12.00 to C$11.50 and set a “buy” rating for the company in a research report on Tuesday, February 17th. National Bank Financial set a C$12.00 price objective on shares of H&R Real Estate Investment Trust and gave the stock an “outperform” rating in a research report on Monday, April 20th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$12.00.

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.