Royal Bank Of Canada Increases H&R Real Estate Investment Trust (HR.UN) Price Target to C$25.00

H&R Real Estate Investment Trust (TSE:HR.UN) had its price objective increased by Royal Bank Of Canada from C$24.00 to C$25.00 in a report released on Friday. The firm presently has a “sector perform” rating on the real estate investment trust’s stock.

Other equities analysts also recently issued research reports about the company. Scotiabank reissued a “sector perform” rating and set a C$24.50 price target on shares of H&R Real Estate Investment Trust in a research report on Thursday, February 16th. Raymond James Financial, Inc. lowered their price target on H&R Real Estate Investment Trust from C$25.00 to C$24.00 in a research report on Wednesday, November 16th. Finally, TD Securities reissued a “buy” rating and set a C$25.00 price target on shares of H&R Real Estate Investment Trust in a research report on Wednesday, November 16th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$25.16.

Analyst Recommendations for H&R Real Estate Investment Trust (TSE:HR.UN)

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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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