H&R Real Estate Investment Trust (TSE:HR.UN) has received a consensus recommendation of “Hold” from the nine research firms that are covering the stock. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$24.84.

A number of research firms have recently issued reports on HR.UN. Raymond James Financial Inc. increased their price target on shares of H&R Real Estate Investment Trust from C$23.00 to C$25.00 in a research report on Friday, August 12th. 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 report on Thursday, August 11th. National Bank Financial increased their price target on shares of H&R Real Estate Investment Trust from C$24.50 to C$25.75 in a research report on Friday, August 19th. Canaccord Genuity reissued a “buy” rating on shares of H&R Real Estate Investment Trust in a research report on Monday, July 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 stock a “hold” rating in a research report on Thursday, August 11th.

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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