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1 Comment
H&R Real Estate Investment Trust is currently in a long term uptrend where the price is trading 22.2% above its 200 day moving average.
From a valuation standpoint, the stock is 93.3% cheaper than other stocks from the Real Estate sector with a price to sales ratio of 3.8.
H&R Real Estate Investment Trust's total revenue sank by 1.7% to $278M since the same quarter in the previous year.
Its net income has dropped by 31.7% to $112M since the same quarter in the previous year.
Finally, its free cash flow grew by 19.2% to $103M since the same quarter in the previous year.
Based on the above factors, H&R Real Estate Investment Trust gets an overall score of 3/5.
Sector | Real Estate |
---|---|
Industry | REIT - Diversified |
Exchange | TO |
CurrencyCode | CAD |
ISIN | CA4039254079 |
Market Cap | 3B |
---|---|
PE Ratio | None |
Target Price | 11.3333 |
Dividend Yield | 6.2% |
Beta | 1.52 |
H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $10.8 billion as at December 31, 2023. H&R REIT has ownership interests in a North American portfolio comprised of high-quality residential, industrial, office and retail properties comprising over 26.9 million square feet. H&R's strategy is to create a simplified, growth-oriented business focused on residential and industrial properties in order to create sustainable long term value for unitholders. H&R plans to sell its office and retail properties as market conditions permit. H&R's target is to be a leading owner, operator and developer of residential and industrial properties, creating value through redevelopment and greenfield development in prime locations within Toronto, Montreal, Vancouver, and high growth U.S. sunbelt and gateway cities.
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