H&R Real Estate Investment Trust (TSE:HR.UN) Price Target Lowered to C$11.00 at BMO Capital Markets

H&R Real Estate Investment Trust (TSE:HR.UN) had its target price dropped by equities researchers at BMO Capital Markets from C$13.50 to C$11.00 in a note issued to investors on Monday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 10.89% from the stock’s current price.

A number of other research firms have also issued reports on HR.UN. National Bankshares reduced their target price on shares of H&R Real Estate Investment Trust from C$13.00 to C$12.50 and set a “sector perform” rating on the stock in a report on Wednesday, October 8th. TD Securities cut their price objective 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. Royal Bank Of Canada raised their target price on shares of H&R Real Estate Investment Trust from C$11.50 to C$13.50 and gave the stock an “outperform” rating in a research report on Friday, August 15th. Finally, CIBC cut their price target on H&R Real Estate Investment Trust from C$13.50 to C$11.50 in a report on Monday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$12.75.

H&R Real Estate Investment Trust Price Performance

Shares of TSE HR.UN traded down C$0.07 on Monday, hitting C$9.92. The company’s stock had a trading volume of 751,160 shares, compared to its average volume of 610,569. The stock has a 50 day moving average of C$11.56 and a 200-day moving average of C$11.29. The company has a market capitalization of C$2.60 billion, a price-to-earnings ratio of -6.35 and a beta of 0.92. 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 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 (TSE:HR.UN) last posted its earnings results on Friday, November 14th. The real estate investment trust reported C$0.29 earnings per share (EPS) 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%.The firm had revenue of C$201.73 million for the quarter. As a group, research analysts predict 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.