H&R Real Estate Investment Trust (HR.UN) Given “Sector Perform” Rating at Royal Bank Of Canada
Royal Bank Of Canada reaffirmed their sector perform rating on shares of H&R Real Estate Investment Trust (TSE:HR.UN) in a research note published on Wednesday. They currently have a C$24.00 price target on the real estate investment trust’s stock.
A number of other analysts have also recently commented on HR.UN. National Bank Financial upped their target price on shares of H&R Real Estate Investment Trust from C$24.50 to C$25.75 in a report on Friday, August 19th. 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 report on Friday, October 7th. TD Securities raised shares of H&R Real Estate Investment Trust from a hold rating to a buy rating and increased their price objective for the stock from C$24.00 to C$25.00 in a research note on Friday, October 7th. CIBC increased their price objective on shares of H&R Real Estate Investment Trust from C$25.00 to C$26.00 in a research note on Thursday, August 11th. Finally, RBC Capital Markets increased their price objective on shares of H&R Real Estate Investment Trust from C$23.00 to C$24.00 and gave the stock a sector perform rating in a research note on Wednesday, August 10th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of C$24.94.
About H&R Real Estate Investment Trust
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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