H&R Real Estate Investment Trust (TSE:HR.UN) Trading Down 13.2% – Here’s What Happened

H&R Real Estate Investment Trust (TSE:HR.UN)’s stock price dropped 13.2% on Friday . The stock traded as low as C$9.39 and last traded at C$9.61. Approximately 1,824,185 shares changed hands during trading, an increase of 206% from the average daily volume of 596,186 shares. The stock had previously closed at C$11.07.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Royal Bank Of Canada increased their target price on shares of H&R Real Estate Investment Trust from C$11.50 to C$13.50 and gave the company an “outperform” rating in a research report on Friday, August 15th. National Bankshares reduced their price target on shares of 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 research report on Wednesday, October 8th. Finally, TD Securities reduced their price target 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. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$13.10.

H&R Real Estate Investment Trust Stock Performance

The company’s 50 day simple moving average is C$11.60 and its 200 day simple moving average is C$11.27. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31. The stock has a market cap of C$2.58 billion, a PE ratio of -26.63 and a beta of 0.92.

H&R Real Estate Investment Trust (TSE:HR.UN) last released its quarterly earnings data on Friday, November 14th. The real estate investment trust reported C$0.29 earnings per share (EPS) for the quarter. The company had revenue of C$201.73 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%. Analysts expect that H&R Real Estate Investment Trust will post 1.3814956 earnings per share for the current year.

About H&R Real Estate Investment Trust

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.