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

H&R Real Estate Investment Trust (TSE:HR.UN) posted its quarterly earnings data on Wednesday. The real estate investment trust reported C$0.14 EPS for the quarter, FiscalAI reports. H&R Real Estate Investment Trust had a negative net margin of 20.83% and a negative return on equity of 4.16%. The firm had revenue of C$169.78 million during the quarter.

H&R Real Estate Investment Trust Stock Performance

HR.UN stock traded down C$0.50 during trading on Wednesday, reaching C$10.25. The company had a trading volume of 3,300,554 shares, compared to its average volume of 687,875. The firm has a 50-day simple moving average of C$11.00 and a 200-day simple moving average of C$10.61. The company has a market cap of C$2.71 billion, a price-to-earnings ratio of -3.48 and a beta of 0.57. 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 twelve month low of C$9.39 and a twelve month high of C$12.25.

Analysts Set New Price Targets

Separately, National Bank Financial set a C$12.00 price target on shares of H&R Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Monday, April 20th. Three 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 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.