H&R Real Estate Investment Trust (TSE:HR.UN) Reaches New 1-Year Low – Here’s Why

H&R Real Estate Investment Trust (TSE:HR.UN – Get Free Report) reached a new 52-week low during trading on Friday. The stock traded as low as C$9.27 and last traded at C$9.30, with a volume of 424229 shares changing hands. The stock had previously closed at C$9.47.

Wall Street Analysts Forecast Growth

HR.UN has been the topic of a number of research reports. TD dropped their price objective on 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. National Bank Financial lowered H&R Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$12.25 to C$11.50 in a report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, H&R Real Estate Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of C$11.50.

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H&R Real Estate Investment Trust Stock Performance

The stock has a market capitalization of C$2.46 billion, a price-to-earnings ratio of -4.27 and a beta of 0.51. The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68. The stock’s 50 day moving average is C$10.15 and its two-hundred day moving average is C$10.43.

H&R Real Estate Investment Trust (TSE:HR.UN – Get Free Report) last issued its earnings results on Wednesday, August 12th. The real estate investment trust reported C$0.14 earnings per share 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%. The business had revenue of C$169.78 million for the quarter. Analysts expect that H&R Real Estate Investment Trust will post 1.3814956 earnings per share for the current fiscal year.

H&R Real Estate Investment Trust Company Profile

(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.

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