H&R Real Estate Investment Trust (HR.UN) Stock Rating Reaffirmed by Scotiabank

H&R Real Estate Investment Trust (TSE:HR.UN)‘s stock had its “hold” rating reaffirmed by analysts at Scotiabank in a research note issued on Tuesday. They currently have a C$24.25 target price on the real estate investment trust’s stock. Scotiabank’s price objective would suggest a potential upside of 10.08% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Raymond James Financial, Inc. lowered their price objective on shares of H&R Real Estate Investment Trust from C$24.00 to C$22.00 and set an “outperform” rating for the company in a research report on Monday, August 14th. Royal Bank Of Canada lowered their price objective on shares of H&R Real Estate Investment Trust from C$25.00 to C$24.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 23rd. Finally, National Bank Financial lowered their price objective on shares of H&R Real Estate Investment Trust from C$25.00 to C$24.75 and set an “outperform” rating for the company in a research report on Friday, August 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$24.42.

H&R Real Estate Investment Trust (HR.UN) traded up C$0.06 during midday trading on Tuesday, hitting C$22.03. 190,208 shares of the stock were exchanged, compared to its average volume of 370,260. 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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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.

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