H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Target Cut by Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut H&R REIT’s price target from C$13.00 to C$11.50 while maintaining an “outperform” rating, implying 18.56% potential upside from the current price.
• Other analysts have also reduced targets or ratings; however, H&R REIT retains a “Moderate Buy” consensus based on three Buy and two Hold ratings, with an average price target of C$11.50.
• The stock rose 1.4% to C$9.70, while the REIT reported C$0.14 quarterly EPS and C$169.78 million in revenue. Its financial metrics included negative net margin and return on equity, alongside relatively high leverage.

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) had its target price dropped by investment analysts at Royal Bank Of Canada from C$13.00 to C$11.50 in a note issued to investors 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 points to a potential upside of 18.56% from the stock's current price.

HR.UN has been the topic of a number of other research reports. National Bank Financial downgraded H&R Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from C$12.25 to C$11.50 in a research report on Thursday, August 13th. TD reduced their target price on shares of H&R Real Estate Investment Trust from C$11.50 to C$11.00 and set a "buy" rating for the company in a report on Tuesday, August 25th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$11.50.

H&R Real Estate Investment Trust Stock Up 1.4%

TSE:HR.UN traded up C$0.13 during trading hours on Tuesday, reaching C$9.70. The company's stock had a trading volume of 431,189 shares, compared to its average volume of 722,538. The stock has a 50 day moving average price of C$9.90 and a two-hundred day moving average price of C$10.39. 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 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 has a 12 month low of C$9.06 and a 12 month high of C$11.81.

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) last announced its earnings results 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%. Equities analysts predict that H&R Real Estate Investment Trust will post 1.38 EPS 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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