H&R Real Estate Investment Trust (TSE:HR.UN) had its price target reduced by analysts at Scotiabank from C$24.00 to C$23.00 in a report released on Tuesday. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price would suggest a potential upside of 12.80% from the company’s previous close.
A number of other brokerages have also issued reports on HR.UN. Raymond James Financial increased their target price on shares of 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. Canaccord Genuity decreased their target price on shares of H&R Real Estate Investment Trust from C$25.50 to C$24.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Desjardins decreased their target price on shares of H&R Real Estate Investment Trust from C$25.00 to C$24.00 in a research report on Monday, November 20th. Finally, National Bank Financial decreased their target price on shares of H&R Real Estate Investment Trust from C$24.75 to C$24.00 and set an “outperform” rating for the company in a research report on Tuesday, February 13th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$24.07.
Shares of H&R Real Estate Investment Trust (HR.UN) traded down C$0.05 on Tuesday, reaching C$20.39. 194,465 shares of the company were exchanged, compared to its average volume of 680,668. The company has a market cap of $5,910.00, a price-to-earnings ratio of 10.14 and a beta of 0.49. H&R Real Estate Investment Trust has a 12-month low of C$19.91 and a 12-month high of C$23.68.
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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.
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