H&R Real Estate Investment Trust (TSE:HR.UN) had its target price reduced by investment analysts at National Bank Financial from C$24.75 to C$24.00 in a research note issued on Tuesday. The firm presently has an “outperform” rating on the real estate investment trust’s stock. National Bank Financial’s price target points to a potential upside of 19.34% from the company’s current price.

A number of other equities research analysts have also recently issued reports on HR.UN. Raymond James Financial cut shares of H&R Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. Scotiabank reiterated a “hold” rating and issued a C$24.25 target price on shares of H&R Real Estate Investment Trust in a research note on Tuesday, November 14th. Desjardins reduced their target price on shares of H&R Real Estate Investment Trust from C$25.00 to C$24.00 in a research note on Monday, November 20th. Finally, Canaccord Genuity reduced their target price on shares of H&R Real Estate Investment Trust from C$25.50 to C$24.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. H&R Real Estate Investment Trust presently has an average rating of “Buy” and a consensus price target of C$24.31.

Shares of H&R Real Estate Investment Trust (TSE HR.UN) opened at C$20.11 on Tuesday. H&R Real Estate Investment Trust has a fifty-two week low of C$19.91 and a fifty-two week high of C$23.68. The stock has a market cap of $5,830.00, a PE ratio of 11.97 and a beta of 0.49.

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About H&R Real Estate Investment Trust

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

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

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