H&R Real Estate Investment Trust (TSE:HR.UN) Stock Rating Upgraded by National Bank Financial

H&R Real Estate Investment Trust (TSE:HR.UN) was upgraded by investment analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a C$12.00 price target on the real estate investment trust’s stock, up from their previous price target of C$11.50. National Bank Financial’s price target suggests a potential upside of 13.74% from the stock’s previous close.

A number of other research firms also recently issued reports on HR.UN. Scotiabank lowered their target price on shares of H&R Real Estate Investment Trust from C$12.50 to C$12.00 and set a “sector perform” rating for the company in a report on Wednesday, November 26th. Canadian Imperial Bank of Commerce lowered their price objective 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. BMO Capital Markets increased their target price on H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a research report on Wednesday, November 26th. Finally, TD Securities lowered their price target on H&R Real Estate Investment Trust from C$12.00 to C$11.50 and set a “buy” rating for the company in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, H&R Real Estate Investment Trust presently has an average rating of “Moderate Buy” and a consensus target price of C$12.00.

H&R Real Estate Investment Trust Stock Performance

HR.UN stock remained flat at C$10.55 during trading on Wednesday. 366,293 shares of the company traded hands, compared to its average volume of 654,505. The company has a market capitalization of C$2.79 billion, a PE ratio of -3.50 and a beta of 0.82. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31. The company has a fifty day moving average price of C$10.56 and a 200 day moving average price of C$11.09. H&R Real Estate Investment Trust has a 12-month low of C$8.95 and a 12-month high of C$12.77.

H&R Real Estate Investment Trust (TSE:HR.UN) last issued its quarterly earnings results on Thursday, February 12th. The real estate investment trust reported C($1.19) 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$203.75 million for the quarter. As a group, sell-side analysts forecast 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.