H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Expected to Rise, National Bankshares Analyst Says

H&R Real Estate Investment Trust (TSE:HR.UN) had its price target boosted by analysts at National Bankshares from C$10.75 to C$11.50 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. National Bankshares’ price objective suggests a potential upside of 6.88% from the company’s current price.

A number of other research analysts have also recently weighed in on HR.UN. BMO Capital Markets boosted their price objective on shares of H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a research report on Wednesday, November 26th. CIBC dropped their price target on shares of H&R Real Estate Investment Trust from C$13.50 to C$11.50 in a research note on Monday, November 17th. Finally, Scotiabank reduced their price objective on shares of H&R Real Estate Investment Trust from C$12.50 to C$12.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 26th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$12.33.

H&R Real Estate Investment Trust Trading Down 1.0%

HR.UN stock traded down C$0.11 during midday trading on Thursday, reaching C$10.76. 1,011,466 shares of the company traded hands, compared to its average volume of 637,468. The firm has a market capitalization of C$2.83 billion, a price-to-earnings ratio of -6.89 and a beta of 0.82. H&R Real Estate Investment Trust has a 52-week low of C$8.95 and a 52-week high of C$12.77. The business has a 50 day moving average of C$10.47 and a 200-day moving average of C$11.16. 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 (TSE:HR.UN) last announced its earnings results on Friday, November 14th. The real estate investment trust reported C$0.29 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 during the quarter. As a group, sell-side 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 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. H&R is currently undergoing a five-year, strategic repositioning to transform into a simplified, growth-oriented company focusing on multi-residential and industrial properties to surface significant value for unitholders.