Separately, Royal Bank of Canada cut their target price on H&R Real Estate Investment Trust from C$24.00 to C$22.00 and set a sector perform rating on the stock in a research report on Friday, August 17th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of C$24.15.
Shares of TSE HR.UN opened at C$21.04 on Wednesday. H&R Real Estate Investment Trust has a fifty-two week low of C$19.74 and a fifty-two week high of C$23.53.
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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