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

H&R Real Estate Investment Trust (TSE:HR.UN) has earned an average rating of “Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$24.61.

A number of brokerages have recently issued reports on HR.UN. Scotiabank reiterated a “hold” rating and issued a C$24.25 price target on shares of H&R Real Estate Investment Trust in a report on Tuesday, November 14th. Raymond James Financial lifted 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 report on Thursday, November 16th. Canaccord Genuity cut 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 report on Wednesday, November 15th. Finally, Desjardins cut their price target on H&R Real Estate Investment Trust from C$25.00 to C$24.00 in a report on Monday, November 20th.

H&R Real Estate Investment Trust (TSE:HR.UN) opened at C$21.18 on Monday. H&R Real Estate Investment Trust has a fifty-two week low of C$20.17 and a fifty-two week high of C$23.68. The stock has a market capitalization of $6,170.00, a price-to-earnings ratio of 12.61 and a beta of 0.49.

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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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