H&R Real Estate Staple Receives a Buy from Canaccord Genuity

By Carrie Williams

In a new note to investors yesterday, an analyst has provided a rating update for the Financial sector company, H&R Real Estate Staple (TSX: HR.UN). Analyst Mark Rothschild from Canaccord Genuity rated H&R Real Estate Staple (TSX: HR.UN) a Buy, setting a C$25.50 price target.

According to TipRanks.com, Rothschild is a 5-star analyst with an average return of 10.6% and a 80.7% success rate. Rothschild covers the Financial sector, focusing on stocks such as Brookfield Property Partners, Glimcher Realty Trust, and Brookfield Asset Mng.

H&R Real Estate Staple has an analyst consensus of Moderate Buy, with a price target consensus of C$25.42.

H&R Real Estate Staple’s market cap is currently C$6.43B and has a P/E ratio of 13.5.

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.,003PCW-E

The company’s shares closed last Friday at $22.34.