H&R Real Estate Investment Trust (TSE:HR.UN)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Scotiabank in a research note issued to investors on Tuesday. They presently have a C$24.75 price target on the real estate investment trust’s stock.

A number of other research firms have also recently commented on HR.UN. TD Securities upgraded H&R Real Estate Investment Trust from a “hold” rating to a “buy” rating and raised their target price for the company from C$24.00 to C$25.00 in a research report on Friday, October 7th. National Bank Financial raised their target price on H&R Real Estate Investment Trust from C$24.50 to C$25.75 in a research report on Friday, August 19th. BMO Capital Markets restated an “outperform” rating and set a C$26.00 target price on shares of H&R Real Estate Investment Trust in a research report on Monday, August 15th. Raymond James Financial Inc. lifted their price objective on H&R Real Estate Investment Trust from C$23.00 to C$25.00 in a report on Friday, August 12th. Finally, CIBC lifted their price objective on H&R Real Estate Investment Trust from C$25.00 to C$26.00 in a report on Thursday, August 11th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$24.94.

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

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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