H&R Real Estate Investment Trust (TSE:HR.UN) Releases Quarterly Earnings Results

H&R Real Estate Investment Trust (TSE:HR.UNGet Free Report) issued its quarterly earnings data on Wednesday. The real estate investment trust reported C$0.14 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$169.78 million during 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%.

H&R Real Estate Investment Trust Stock Performance

Shares of HR.UN opened at C$10.50 on Friday. H&R Real Estate Investment Trust has a 1 year low of C$9.39 and a 1 year high of C$12.25. The stock has a market capitalization of C$2.78 billion, a PE ratio of -3.56 and a beta of 0.57. 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 stock has a 50-day simple moving average of C$11.00 and a 200-day simple moving average of C$10.61.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial cut H&R Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$12.25 to C$11.50 in a report on Thursday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$11.92.

View Our Latest Stock Analysis on H&R Real Estate Investment Trust

About H&R Real Estate Investment Trust

(Get Free Report)

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.

Further Reading

Earnings History for H&R Real Estate Investment Trust (TSE:HR.UN)

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