Shares of H&R Real Estate Investment Trust (TSE:HR.UN) have been assigned an average recommendation of “Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$24.41.

A number of research analysts have weighed in on the company. Canaccord Genuity lowered their target price on H&R Real Estate Investment Trust from C$25.50 to C$24.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Scotiabank lowered their target price on H&R Real Estate Investment Trust from C$24.25 to C$24.00 and set a “sector perform” rating on the stock in a report on Thursday, November 16th. Raymond James Financial increased their target price on H&R Real Estate Investment Trust from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Thursday, November 16th. Desjardins lowered their target price on H&R Real Estate Investment Trust from C$25.00 to C$24.00 in a report on Monday, November 20th. Finally, Royal Bank of Canada lowered their target price on H&R Real Estate Investment Trust from C$25.00 to C$24.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 23rd.

H&R Real Estate Investment Trust (TSE HR.UN) traded up C$0.04 during midday trading on Friday, hitting C$21.18. The company had a trading volume of 232,125 shares, compared to its average volume of 361,235. H&R Real Estate Investment Trust has a 52-week low of C$20.17 and a 52-week high of C$23.68.

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H&R Real Estate Investment Trust Company Profile

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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