Scotiabank restated their sector perform rating on shares of H&R Real Estate Investment Trust (TSE:HR.UN) in a report published on Friday. The firm currently has a C$24.75 price target on the real estate investment trust’s stock.

Several other research firms also recently issued reports on HR.UN. Royal Bank Of Canada reissued a sector perform rating and issued a C$23.00 price target on shares of H&R Real Estate Investment Trust in a research note on Tuesday, June 21st. TD Securities reissued a hold rating and issued a C$22.00 price target on shares of H&R Real Estate Investment Trust in a research note on Wednesday, June 22nd. Canaccord Genuity reissued a buy rating on shares of H&R Real Estate Investment Trust in a research note on Monday, July 11th. RBC Capital Markets lifted their price target on H&R Real Estate Investment Trust from C$23.00 to C$24.00 and gave the company a sector perform rating in a research note on Wednesday, August 10th. Finally, CIBC lifted their price target on H&R Real Estate Investment Trust from C$25.00 to C$26.00 in a research note on Thursday, August 11th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of C$25.06.

H&R Real Estate Investment Trust Company Profile

H&R Real Estate Investment Trust (the REIT) is a Canada-based open-ended investment trust. The objectives of the REIT are to provide holders of REIT Units with stable and growing cash distributions, generated by revenue it derives from investments in income-producing real estate properties, and maximize REIT Unit value through the ongoing active management of the REIT’s assets, acquisition of additional properties and the development and construction of projects, which are pre-leased to creditworthy tenants.

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