H&R REIT (HR.UN) PT Lowered to C$22.75

H&R REIT (TSE:HR.UN) had its target price decreased by equities researchers at Scotiabank from C$23.00 to C$22.75 in a research report issued on Wednesday. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target indicates a potential upside of 13.24% from the company’s current price.

Several other research firms have also recently weighed in on HR.UN. National Bank Financial lifted their target price on H&R REIT from C$24.00 to C$24.50 and gave the company an “outperform” rating in a research note on Tuesday, April 24th. CIBC lowered their target price on H&R REIT from C$26.00 to C$25.50 in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of C$23.96.

H&R REIT opened at C$20.09 on Wednesday, MarketBeat reports. H&R REIT has a fifty-two week low of C$19.74 and a fifty-two week high of C$23.53.

H&R REIT 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 REIT (TSE:HR.UN)

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