Shares of H&R Real Estate Investment Trust (TSE:HR.UN) have earned a consensus rating of “Buy” from the nine research firms that are covering the firm. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$24.94.

Several research firms have recently commented on HR.UN. RBC Capital Markets increased their price target on shares of 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. Scotiabank reissued a “sector perform” rating and set a C$24.00 price target on shares of H&R Real Estate Investment Trust in a research note on Wednesday, August 10th. Royal Bank Of Canada increased their price target on shares of 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 Thursday, August 11th. CIBC increased their price target 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, TD Securities increased their price target on shares of H&R Real Estate Investment Trust from C$23.00 to C$24.00 and gave the company a “hold” rating in a research note on Thursday, August 11th.

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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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