BMO Capital Reaffirms Their Buy Rating on H&R Real Estate Staple

By Austin Angelo

In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, H&R Real Estate Staple (TSX: HR.UN). The company received a Buy today from BMO Capital’s analyst Heather Kirk, with a C$26.50 price target.

Kirk has an average return of 2.3% when recommending H&R Real Estate Staple.

According to TipRanks.com, Kirk is ranked #465 out of 4706 analysts.

H&R Real Estate Staple has an analyst consensus of Moderate Buy, with a price target consensus of C$25.05.

Based on H&R Real Estate Staple’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of C$287 million and quarterly net profit of C$153 million. In comparison, last year the company earned revenue of C$297 million and had a net profit of C$114 million.

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 company’s shares closed on Tuesday at C$21.96.