National Bank Financial Has Lowered Expectations for H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price

Key Points

• National Bank Financial cut H&R REIT’s price target to C$10.75 from C$11.50 while maintaining a “sector perform” rating, implying 10.71% potential upside from the prior close.
• Analyst sentiment remains moderately positive: RBC and TD also lowered their targets but kept “outperform” and “buy” ratings, respectively. The consensus rating is “Moderate Buy,” with an average target of C$11.39.
• H&R REIT shares traded at C$9.71, near their 52-week low of C$9.06, while the trust reported C$0.14 quarterly EPS on C$169.78 million in revenue and continues to carry significant leverage.

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) had its target price dropped by equities research analysts at National Bank Financial from C$11.50 to C$10.75 in a report released on Wednesday, BayStreet reports. The brokerage currently has a "sector perform" rating on the real estate investment trust's stock. National Bank Financial's price target indicates a potential upside of 10.71% from the company's previous close.

Several other brokerages also recently weighed in on HR.UN. Royal Bank Of Canada decreased their price target on H&R Real Estate Investment Trust from C$13.00 to C$11.50 and set an "outperform" rating for the company in a report on Tuesday, October 13th. TD dropped their price objective on shares of H&R Real Estate Investment Trust from C$11.50 to C$11.00 and set a "buy" rating on the stock in a research note on Tuesday, August 25th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$11.39.

H&R Real Estate Investment Trust Stock Performance

H&R Real Estate Investment Trust stock traded down C$0.11 during mid-day trading on Wednesday, reaching C$9.71. 177,297 shares of the company were exchanged, compared to its average volume of 731,072. H&R Real Estate Investment Trust has a twelve month low of C$9.06 and a twelve month high of C$11.81. The firm's 50-day simple moving average is C$9.76 and its two-hundred day simple moving average is 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 firm has a market cap of C$2.57 billion, a PE ratio of -4.47 and a beta of 0.43.

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) last released its earnings results on Wednesday, August 12th. The real estate investment trust reported C$0.14 earnings per share (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 business had revenue of C$169.78 million for the quarter. Equities analysts predict that H&R Real Estate Investment Trust will post 1.38 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.

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