Shares of H&R Real Estate Investment Trust (TSE:HR.UN) have earned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$24.41.

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

H&R Real Estate Investment Trust (TSE HR.UN) opened at C$21.13 on Thursday. H&R Real Estate Investment Trust has a 1 year low of C$20.17 and a 1 year high of C$23.68. The firm has a market capitalization of $6,160.00, a price-to-earnings ratio of 12.58 and a beta of 0.49.

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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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