H&R REIT (HR.UN) Price Target Lowered to C$25.50 at CIBC
Other analysts also recently issued research reports about the stock. National Bank Financial decreased their target price on shares of H&R REIT from C$24.75 to C$24.00 and set an outperform rating for the company in a research report on Tuesday, February 13th. Scotiabank decreased their target price on shares of H&R REIT from C$24.00 to C$23.00 and set a sector perform rating for the company in a research report on Tuesday, February 20th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of C$23.96.
TSE:HR.UN opened at C$20.09 on Tuesday. 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 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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