Canaccord Genuity Reiterates Their Buy Rating on H&R Real Estate Staple

By Austin Angelo

H&R Real Estate Staple (TSX: HR.UN), the Financial sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Jenny Ma from Canaccord Genuity reiterated a Buy rating, with a C$25.50 price target.

Ma has an average return of 4.4% when recommending H&R Real Estate Staple.

According to TipRanks.com, Ma is ranked #1571 out of 4572 analysts.

Currently, the analyst consensus on H&R Real Estate Staple is Moderate Buy and the average price target is C$25.30, representing a 12.8% upside.

In a report released yesterday, BMO Capital also reiterated a Buy rating on the stock with a C$26.50 price target.

H&R Real Estate Staple’s market cap is currently C$6.43B and has a P/E ratio of 16.3.

H&R Real Estate Investment Trust engages in investment activities. It operates through the following segments: Office, Primaris, H&R Retail, ECHO, Industrial, and Residential. The Office segment refers to office space of available for leasing. The Primaris segment refers to redevelopment and remerchandising of malls and shopping centers. The H&R Retail segment refers to internalized real estate investment trust. The ECHO segment include acquisitions of grocery-anchored retail real estate in the United States. The Industrial segment is in alliance with Public Sector Pension Investment Board for the development of industrial sector. The Residential segment refers to rental apartments properties. The company was founded on November 4, 1996 and is headquartered in Toronto, Canada.

The company’s shares closed last Tuesday at $22.43.