Shares of H&R Real Estate Investment Trust (TSE:HR.UN) have earned a consensus recommendation of “Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$23.89.
Several research analysts have weighed in on the company. National Bank Financial boosted their price target on H&R Real Estate Investment Trust from C$24.50 to C$25.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 22nd. Royal Bank of Canada decreased their target price on H&R Real Estate Investment Trust from C$24.00 to C$22.00 and set a “sector perform” rating on the stock in a report on Friday, August 17th.
TSE:HR.UN opened at C$19.91 on Wednesday. H&R Real Estate Investment Trust has a twelve month low of C$19.74 and a twelve month high of C$23.53.
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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