Royal Bank Of Canada Issues Pessimistic Forecast for H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price

H&R Real Estate Investment Trust (TSE:HR.UN) had its price target reduced by equities researchers at Royal Bank Of Canada from C$13.00 to C$11.50 in a report released on Tuesday, BayStreet reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 18.56% from the company’s previous close.

A number of other analysts have also recently commented on HR.UN. TD lowered their price target 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 report on Tuesday, August 25th. National Bank Financial cut H&R Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$12.25 to C$11.50 in a research note on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, H&R Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.50.

H&R Real Estate Investment Trust Stock Performance

Shares of TSE:HR.UN traded up C$0.13 on Tuesday, hitting C$9.70. 431,189 shares of the company were exchanged, compared to its average volume of 722,538. H&R Real Estate Investment Trust has a 1-year low of C$9.06 and a 1-year high of C$11.81. The stock’s 50 day moving average price is C$9.90 and its 200 day moving average price is C$10.39. The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68. The firm has a market capitalization of C$2.57 billion, a P/E ratio of -4.46 and a beta of 0.43.

H&R Real Estate Investment Trust (TSE:HR.UN) last announced its quarterly earnings data on Wednesday, August 12th. The real estate investment trust reported C$0.14 earnings per share for the quarter. 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 for the quarter. Sell-side analysts predict that H&R Real Estate Investment Trust will post 1.38 EPS for the current year.

About H&R Real Estate Investment Trust

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.