H&R Real Estate Investment Trust (TSE:HR.UN) Downgraded by National Bank Financial to Sector Perform

H&R Real Estate Investment Trust (TSE:HR.UN) was downgraded by research analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research note issued on Thursday,BayStreet.CA reports. They presently have a C$11.50 price target on the real estate investment trust’s stock, down from their prior price target of C$12.25. National Bank Financial’s target price suggests a potential upside of 8.80% from the company’s current price.

H&R Real Estate Investment Trust Stock Performance

Shares of HR.UN stock traded up C$0.32 during trading hours on Thursday, reaching C$10.57. 1,120,860 shares of the company’s stock were exchanged, compared to its average volume of 690,200. H&R Real Estate Investment Trust has a fifty-two week low of C$9.39 and a fifty-two week high of C$12.25. 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$2.80 billion, a P/E ratio of -3.58 and a beta of 0.57. The business has a fifty day moving average price of C$11.00 and a 200-day moving average price of C$10.61.

H&R Real Estate Investment Trust (TSE:HR.UN) last announced its earnings results on Wednesday, August 12th. The real estate investment trust reported C$0.14 earnings per share (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 business had revenue of C$169.78 million for the quarter. Analysts predict that H&R Real Estate Investment Trust will post 1.3814956 EPS 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.