H&R Real Estate Investment Trust (TSE:HR.UN) Trading Down 13.2% – Here’s Why

Shares of H&R Real Estate Investment Trust (TSE:HR.UN) dropped 13.2% on Friday . The stock traded as low as C$9.39 and last traded at C$9.61. Approximately 1,824,185 shares were traded during trading, an increase of 206% from the average daily volume of 596,186 shares. The stock had previously closed at C$11.07.

Analyst Ratings Changes

Several research firms have recently commented on HR.UN. National Bankshares lowered their price objective on shares of H&R Real Estate Investment Trust from C$13.00 to C$12.50 and set a “sector perform” rating for the company in a research note on Wednesday, October 8th. Royal Bank Of Canada increased their price objective on shares of H&R Real Estate Investment Trust from C$11.50 to C$13.50 and gave the company an “outperform” rating in a report on Friday, August 15th. Finally, TD Securities decreased their target price 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. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$13.10.

H&R Real Estate Investment Trust Trading Down 11.2%

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 business has a 50-day moving average price of C$11.60 and a two-hundred day moving average price of C$11.27. The firm has a market cap of C$2.58 billion, a PE ratio of -26.63 and a beta of 0.92.

H&R Real Estate Investment Trust (TSE:HR.UN) last issued its quarterly earnings results on Friday, November 14th. The real estate investment trust reported C$0.29 EPS for the quarter. The business had revenue of C$201.73 million for the quarter. H&R Real Estate Investment Trust had a negative net margin of 20.83% and a negative return on equity of 4.16%. Analysts forecast that H&R Real Estate Investment Trust will post 1.3814956 EPS for the current year.

About H&R Real Estate Investment Trust

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.