H&R Real Estate Investment Trust (HR.UN) Receives Consensus Recommendation of “Buy” from Analysts

H&R Real Estate Investment Trust (TSE:HR.UN) has been assigned an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$24.36.

Several analysts have weighed in on HR.UN shares. National Bank Financial lowered their price objective on H&R Real Estate Investment Trust from C$25.75 to C$25.00 and set an “outperform” rating for the company in a research report on Monday, July 31st. Scotiabank lowered their price objective on 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. Royal Bank Of Canada reduced their target price on H&R Real Estate Investment Trust from C$25.00 to C$24.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 23rd. Raymond James Financial, Inc. reduced their target price on H&R Real Estate Investment Trust from C$24.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Monday, August 14th. Finally, Canaccord Genuity reissued a “buy” rating and set a C$24.00 target price on shares of H&R Real Estate Investment Trust in a research note on Wednesday.

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H&R Real Estate Investment Trust (TSE:HR.UN) traded down C$0.34 during trading hours on Wednesday, reaching C$21.50. The company had a trading volume of 324,966 shares, compared to its average volume of 362,019. H&R Real Estate Investment Trust has a one year low of C$20.17 and a one year high of C$23.68.

About H&R Real Estate Investment Trust

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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