H&R Real Estate Investment Trust (TSE:HR.UN) had its price target decreased by analysts at National Bank Financial from C$25.00 to C$24.75 in a research report issued to clients and investors on Friday. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock.
HR.UN has been the subject of several other research reports. Scotiabank dropped their price target on shares of H&R Real Estate Investment Trust from C$24.50 to C$24.25 and set a “sector perform” rating for the company in a research report on Tuesday, August 15th. Raymond James Financial, Inc. dropped their price target on shares of H&R Real Estate Investment Trust from C$24.00 to C$22.00 and set an “outperform” rating for the company in a research report on Monday, August 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of C$24.58.
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H&R Real Estate Investment Trust Company Profile
H&R Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Trust’s primary objectives are to provide unitholders with stable and growing cash distributions, generated by the revenue it derives from a diversified portfolio of income producing real estate assets, and to maximize unit value through ongoing active management of its assets, acquisition of additional properties and the development and construction of projects, which are pre-leased to creditworthy tenants.
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