H&R Real Estate Investment Trust (TSE:HR.UN) Price Target Raised to C$11.50

H&R Real Estate Investment Trust (TSE:HR.UN) had its price objective upped by equities research analysts at BMO Capital Markets from C$11.00 to C$11.50 in a research report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 11.11% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. TD Securities reduced 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 on the stock in a research note on Tuesday, July 29th. Royal Bank Of Canada increased their price target 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. National Bankshares boosted their price objective on H&R Real Estate Investment Trust from C$10.50 to C$10.75 and gave the company an “outperform” rating in a report on Wednesday. Finally, CIBC reduced their target price on H&R Real Estate Investment Trust from C$13.50 to C$11.50 in a report on Monday, November 17th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.21.

H&R Real Estate Investment Trust Stock Down 0.2%

Shares of H&R Real Estate Investment Trust stock traded down C$0.02 during trading hours on Wednesday, hitting C$10.35. 808,266 shares of the company’s stock traded hands, compared to its average volume of 617,148. H&R Real Estate Investment Trust has a twelve month low of C$8.95 and a twelve month high of C$12.77. The company has a market cap of C$2.72 billion, a PE ratio of -6.63 and a beta of 0.92. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68. The stock has a 50 day simple moving average of C$11.27 and a 200-day simple moving average of C$11.30.

H&R Real Estate Investment Trust (TSE:HR.UN) last announced its earnings results 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%. Equities research analysts anticipate that H&R Real Estate Investment Trust will post 1.3814956 earnings per share for the current fiscal 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.