H&R Real Estate Investment Trust (TSE:HR.UN) had its target price reduced by equities research analysts at Raymond James Financial Inc. from C$25.00 to C$24.00 in a research note issued to investors on Wednesday.

Other research analysts also recently issued reports about the company. TD Securities set a C$25.00 target price on H&R Real Estate Investment Trust and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$24.00 target price on shares of H&R Real Estate Investment Trust in a research note on Wednesday. Scotiabank reaffirmed a “sector perform” rating and set a C$24.75 target price on shares of H&R Real Estate Investment Trust in a research note on Tuesday. National Bank Financial upped their target price on H&R Real Estate Investment Trust from C$24.50 to C$25.75 in a research note on Friday, August 19th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a C$26.00 target price on shares of H&R Real Estate Investment Trust in a research note on Monday, August 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. H&R Real Estate Investment Trust currently has a consensus rating of “Buy” and an average target price of C$24.94.

Analyst Recommendations for H&R Real Estate Investment Trust (TSE:HR.UN)

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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