H&R Real Estate Staple Receives a Buy from TD Securities

By Carrie Williams

H&R Real Estate Staple (TSX: HR.UN), the Financial sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Sam Damiani from TD Securities reiterated a Buy rating, with a C$25 price target.

According to TipRanks.com, Damiani is ranked #2586 out of 4561 analysts.

Currently, the analyst consensus on H&R Real Estate Staple is Moderate Buy and the average price target is C$25.42, representing a 15.0% upside.

In a report issued on May 15, 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$6.3B and has a P/E ratio of 16.4.

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 Wednesday at $22.10.