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

H&R Real Estate Investment Trust (TSE:HR.UN) released its quarterly earnings data on Thursday. The real estate investment trust reported C($0.12) earnings per share for the quarter, reports. H&R Real Estate Investment Trust had a negative net margin of 20.83% and a negative return on equity of 4.16%. The company had revenue of C$184.25 million during the quarter.

H&R Real Estate Investment Trust Trading Down 1.6%

Shares of TSE:HR.UN opened at C$10.32 on Friday. 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 has a market capitalization of C$2.73 billion, a PE ratio of -3.42 and a beta of 0.74. H&R Real Estate Investment Trust has a 1 year low of C$9.39 and a 1 year high of C$12.77. The firm has a fifty day moving average price of C$10.28 and a 200 day moving average price of C$10.47.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. TD Securities lowered their price target on shares of H&R Real Estate Investment Trust from C$12.00 to C$11.50 and set a “buy” rating on the stock in a report on Tuesday, February 17th. National Bank Financial set a C$12.00 target price on H&R Real Estate Investment Trust and gave the company an “outperform” rating in a research note on Monday, April 20th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$12.00.

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.