H&R Real Estate Investment Trust (TSE:HR.UN) Hits New 1-Year Low – Should You Sell?

Shares of H&R Real Estate Investment Trust (TSE:HR.UN) hit a new 52-week low on Friday . The company traded as low as C$9.32 and last traded at C$9.34, with a volume of 306333 shares. The stock had previously closed at C$9.60.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HR.UN. TD lowered their price target on shares of H&R Real Estate Investment Trust from C$11.50 to C$11.00 and set a “buy” rating for the company in a report on Tuesday, August 25th. National Bank Financial lowered H&R Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$12.25 to C$11.50 in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, H&R Real Estate Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of C$11.50.

H&R Real Estate Investment Trust Stock Performance

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 price is C$10.47 and its 200-day moving average price is C$10.48. The company has a market capitalization of C$2.48 billion, a P/E ratio of -4.31 and a beta of 0.51.

H&R Real Estate Investment Trust (TSE:HR.UN) last announced its quarterly earnings results on Wednesday, August 12th. The real estate investment trust reported C$0.14 earnings per share for the quarter. The business had revenue of C$169.78 million for the quarter. H&R Real Estate Investment Trust had a negative return on equity of 4.16% and a negative net margin of 20.83%. As a group, equities analysts expect that H&R Real Estate Investment Trust will post 1.3814956 EPS for the current year.

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.