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

H&R Real Estate Investment Trust (TSE:HR.UN) released its quarterly earnings results on Thursday. The real estate investment trust reported C($1.19) EPS for the quarter, FiscalAI reports. The company had revenue of C$203.75 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%.

H&R Real Estate Investment Trust Stock Performance

HR.UN stock opened at C$10.50 on Friday. H&R Real Estate Investment Trust has a 1-year low of C$8.95 and a 1-year high of C$12.77. 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 firm has a market cap of C$2.76 billion, a PE ratio of -6.72 and a beta of 0.82. The business’s 50-day moving average price is C$10.53 and its two-hundred day moving average price is C$11.12.

Analysts Set New Price Targets

HR.UN has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce dropped their target price on H&R Real Estate Investment Trust from C$13.50 to C$11.50 in a research report on Monday, November 17th. BMO Capital Markets lifted their price objective on H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a research note on Wednesday, November 26th. Scotiabank cut their target price on H&R Real Estate Investment Trust from C$12.50 to C$12.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 26th. Finally, National Bank Financial boosted their target price on H&R Real Estate Investment Trust from C$10.75 to C$11.50 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$12.33.

About H&R Real Estate Investment Trust

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.