H&R Real Estate Investment Trust (HR.UN) Receives C$24.61 Consensus Price Target from Analysts

Shares of H&R Real Estate Investment Trust (TSE:HR.UN) have received a consensus recommendation of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$24.61.

Several research firms have recently commented on HR.UN. Canaccord Genuity lowered their target price on H&R Real Estate Investment Trust from C$25.50 to C$24.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Scotiabank reduced their price objective on H&R Real Estate Investment Trust from C$24.25 to C$24.00 and set a “sector perform” rating for the company in a research report on Thursday, November 16th. Raymond James Financial boosted their price objective on H&R Real Estate Investment Trust from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Thursday, November 16th. Finally, Desjardins reduced their price objective on H&R Real Estate Investment Trust from C$25.00 to C$24.00 in a research report on Monday, November 20th.

Shares of H&R Real Estate Investment Trust (TSE HR.UN) traded up C$0.05 during trading on Monday, reaching C$21.07. The company had a trading volume of 59,855 shares, compared to its average volume of 566,723. The company has a market capitalization of $6,140.00, a price-to-earnings ratio of 12.54 and a beta of 0.49. H&R Real Estate Investment Trust has a 1 year low of C$20.17 and a 1 year high of C$23.68.

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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.

Analyst Recommendations for H&R Real Estate Investment Trust (TSE:HR.UN)

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