H&R Real Estate Investment Trust (TSE:HR.UN) Rating Lowered to “Sector Perform” at National Bank Financial

H&R Real Estate Investment Trust (TSE:HR.UN) was downgraded by National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued on Thursday,BayStreet.CA reports. They currently have a C$11.50 price objective on the real estate investment trust’s stock, down from their prior price objective of C$12.25. National Bank Financial’s price target points to a potential upside of 8.80% from the company’s previous close.

H&R Real Estate Investment Trust Stock Up 3.1%

TSE:HR.UN traded up C$0.32 during trading hours on Thursday, reaching C$10.57. The company’s stock had a trading volume of 1,120,860 shares, compared to its average volume of 690,200. The company has a debt-to-equity ratio of 73.68, a current ratio of 0.31 and a quick ratio of 0.19. The company has a market cap of C$2.80 billion, a price-to-earnings ratio of -3.58 and a beta of 0.57. H&R Real Estate Investment Trust has a one year low of C$9.39 and a one year high of C$12.25. The business’s 50-day moving average is C$11.00 and its 200-day moving average is C$10.61.

H&R Real Estate Investment Trust (TSE:HR.UN) last announced its quarterly earnings results on Wednesday, August 12th. The real estate investment trust reported C$0.14 earnings per share for the quarter. The company had revenue of C$169.78 million during 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%. Equities research analysts predict that H&R Real Estate Investment Trust will post 1.3814956 EPS for the current 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.