H&R Real Estate Investment Trust (TSE:HR.UN – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday. The company traded as low as C$9.27 and last traded at C$9.30, with a volume of 424229 shares changing hands. The stock had previously closed at C$9.47.
Analyst Ratings Changes
Several research firms have commented on HR.UN. TD cut their price objective on H&R Real Estate Investment Trust from C$11.50 to C$11.00 and set a “buy” rating for the company in a research note on Tuesday, August 25th. National Bank Financial lowered H&R Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$12.25 to C$11.50 in a research report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, H&R Real Estate Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.50.
View Our Latest Report on HR.UN
H&R Real Estate Investment Trust Trading Down 2.0%
H&R Real Estate Investment Trust (TSE:HR.UN – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The real estate investment trust reported C$0.14 earnings per share (EPS) for the quarter. The business had revenue of C$169.78 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%. As a group, equities analysts expect that H&R Real Estate Investment Trust will post 1.3814956 earnings per share for the current fiscal year.
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.
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