H&R Real Estate Investment Trust (TSE:HR.UN) Price Target Lowered to C$12.50 at National Bankshares

Key Points

• National Bankshares has lowered the price target for H&R Real Estate Investment Trust from C$13.00 to C$12.50, indicating a potential upside of 9.84% from the current stock price.
• Several analysts have varying ratings and price targets for H&R REIT, with a consensus rating of "Moderate Buy" and a target price of C$13.10.
• The stock traded down to C$11.38 recently, with significant trading volume, reflecting ongoing market interest amid recent price adjustments.

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) had its price objective reduced by stock analysts at National Bankshares from C$13.00 to C$12.50 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the real estate investment trust's stock. National Bankshares' price objective would suggest a potential upside of 9.84% from the company's current price.

HR.UN has been the topic of a number of other reports. Scotiabank upped their price target on shares of H&R Real Estate Investment Trust from C$12.00 to C$14.00 and gave the stock a "sector perform" rating in a report on Monday, July 7th. TD Securities cut their price target on shares of H&R Real Estate Investment Trust from C$14.50 to C$14.00 and set a "buy" rating on the stock in a report on Tuesday, July 29th. Finally, Royal Bank Of Canada upped their price target on shares of H&R Real Estate Investment Trust from C$11.50 to C$13.50 and gave the stock an "outperform" rating in a report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$13.10.

H&R Real Estate Investment Trust Trading Down 0.6%

HR.UN stock traded down C$0.07 during mid-day trading on Wednesday, reaching C$11.38. 165,789 shares of the stock traded hands, compared to its average volume of 611,264. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31. H&R Real Estate Investment Trust has a one year low of C$8.95 and a one year high of C$12.77. The stock has a market capitalization of C$2.99 billion, a PE ratio of -30.83 and a beta of 0.95. The business has a 50-day moving average price of C$11.85 and a two-hundred day moving average price of C$10.96.

H&R Real Estate Investment Trust Company Profile

H&R REIT is one of Canada's largest real estate investment trusts with total post-Primaris spin-off pro forma assets of approximately $10.7 billion. H&R REIT has ownership interests in a North American portfolio comprised of high quality office, industrial, residential and retail properties comprising over 29.4 million square feet post-Primaris spin off.

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