H&R Real Estate Investment Trust (TSE:HR.UN – Get Free Report) shares passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of C$9.64 and traded as high as C$9.77. H&R Real Estate Investment Trust shares last traded at C$9.70, with a volume of 638,978 shares.
Analysts Set New Price Targets
A number of analysts recently commented on HR.UN shares. Royal Bank Of Canada reduced their price objective on H&R Real Estate Investment Trust from C$13.00 to C$11.50 and set an “outperform” rating for the company in a research report on Tuesday, October 13th. TD dropped their target price 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 report on Tuesday, August 25th. Finally, National Bank Financial cut their price target on H&R Real Estate Investment Trust from C$11.50 to C$10.75 and set a “sector perform” rating for the company in a research note on Wednesday, October 21st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.39.
Read Our Latest Research Report on HR.UN
H&R Real Estate Investment Trust Trading Up 1.0%
The stock’s 50 day moving average price is C$9.64 and its 200-day moving average price is C$10.35. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68. The stock has a market capitalization of C$2.57 billion, a PE ratio of -4.46 and a beta of 0.31.
H&R Real Estate Investment Trust (TSE:HR.UN – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The real estate investment trust reported C$0.14 EPS 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 firm had revenue of C$169.78 million for the quarter. On average, sell-side analysts expect that H&R Real Estate Investment Trust will post 1.38 earnings per share for the current fiscal year.
H&R Real Estate Investment Trust Company Profile
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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