H&R Real Estate Investment Trust (TSE:HR.UN) had its price target dropped by analysts at Scotiabank from C$24.50 to C$24.25 in a research report issued on Tuesday. The firm currently has a “sector perform” rating on the real estate investment trust’s stock.

HR.UN has been the subject of several other reports. Raymond James Financial, Inc. decreased their price objective on 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. National Bank Financial reduced their price target 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. H&R Real Estate Investment Trust presently has an average rating of “Buy” and an average target price of C$24.63.

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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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