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

H&R Real Estate Investment Trust (TSE:HR.UN) issued its earnings results on Thursday. The real estate investment trust reported C($1.19) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$203.75 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%.

H&R Real Estate Investment Trust Stock Down 3.0%

Shares of H&R Real Estate Investment Trust stock traded down C$0.32 during midday trading on Thursday, reaching C$10.50. 1,282,847 shares of the company’s stock traded hands, compared to its average volume of 649,271. 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 52 week low of C$8.95 and a 52 week high of C$12.77. The company’s 50 day simple moving average is C$10.52 and its 200 day simple moving average is C$11.13. The company has a market cap of C$2.76 billion, a price-to-earnings ratio of -6.72 and a beta of 0.82.

Analyst Ratings Changes

HR.UN has been the topic of a number of research reports. Canadian Imperial Bank of Commerce cut their target price on shares of H&R Real Estate Investment Trust from C$13.50 to C$11.50 in a research note on Monday, November 17th. Scotiabank lowered their price target on 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 price objective 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, BMO Capital Markets increased 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. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, H&R Real Estate Investment Trust presently has a consensus rating of “Moderate Buy” and an average target price of C$12.33.

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.