H&R Real Estate Investment Trust (TSE:HR.UN) Given a C$12.00 Price Target by National Bank Financial Analysts

Key Points

• National Bank Financial set a C$12.00 price target with an "outperform" rating (implying ~16.4% upside); TD Securities trimmed its target to C$11.50 but kept a "buy", and the stock carries a consensus rating of Moderate Buy with an average target of C$12.00.
• Shares traded at C$10.31 (down 1.9%), while the REIT reported Q EPS of C($1.19), negative ROE and net margin, weak liquidity (quick ratio 0.19, current ratio 0.31) and high leverage (debt-to-equity 73.68), indicating financial strain despite analyst optimism.

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) received a C$12.00 price target from research analysts at National Bank Financial in a report issued on Monday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the real estate investment trust's stock. National Bank Financial's target price would indicate a potential upside of 16.39% from the company's previous close.

Separately, TD Securities dropped their target price on H&R Real Estate Investment Trust from C$12.00 to C$11.50 and set a "buy" rating on the stock in a report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$12.00.

H&R Real Estate Investment Trust Trading Down 1.9%

Shares of H&R Real Estate Investment Trust stock traded down C$0.20 during trading on Monday, reaching C$10.31. 484,939 shares of the company were exchanged, compared to its average volume of 615,558. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68. H&R Real Estate Investment Trust has a twelve month low of C$9.39 and a twelve month high of C$12.77. The business has a 50-day moving average price of C$10.29 and a 200-day moving average price of C$10.59. The firm has a market capitalization of C$2.73 billion, a price-to-earnings ratio of -3.42 and a beta of 0.68.

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) last announced its quarterly earnings data 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 company had revenue of C$203.75 million for the quarter. Sell-side analysts anticipate that H&R Real Estate Investment Trust will post 1.3814956 EPS for the current fiscal 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.

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