H&R Real Estate Investment Trust (TSE:HR.UN) Price Target Lowered to C$11.75 at Scotiabank

H&R Real Estate Investment Trust (TSE:HR.UN) had its price objective cut by investment analysts at Scotiabank from C$13.25 to C$11.75 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective would suggest a potential upside of 28.14% from the company’s current price.

A number of other research firms have also issued reports on HR.UN. Royal Bank of Canada decreased their target price on H&R Real Estate Investment Trust from C$13.00 to C$11.00 and set a “sector perform” rating for the company in a report on Thursday. CIBC decreased their target price on H&R Real Estate Investment Trust from C$13.00 to C$12.00 and set an “outperform” rating for the company in a report on Thursday. Finally, National Bankshares lifted their target price on H&R Real Estate Investment Trust from C$9.75 to C$10.00 and gave the company a “sector perform” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, H&R Real Estate Investment Trust has an average rating of “Hold” and a consensus target price of C$11.65.

H&R Real Estate Investment Trust Trading Up 0.5 %

Shares of HR.UN traded up C$0.05 during midday trading on Monday, hitting C$9.17. 819,193 shares of the stock were exchanged, compared to its average volume of 548,895. H&R Real Estate Investment Trust has a 52-week low of C$8.47 and a 52-week high of C$13.30. The stock has a fifty day simple moving average of C$9.27 and a 200 day simple moving average of C$10.00. The firm has a market cap of C$2.40 billion, a P/E ratio of -76.67 and a beta of 1.89. The company has a debt-to-equity ratio of 73.54, a quick ratio of 0.19 and a current ratio of 0.40.

About H&R Real Estate Investment Trust

H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $14.5 billion at March 31, 2019. H&R REIT has ownership interests in a North American portfolio of high quality office, retail, industrial and residential properties comprising over 43 million square feet.