Desjardins Downgrades H&R Real Estate Staple (HR.UN) to Hold

By Carrie Williams

In a latest note to investors, a research analyst has provided a rating update for the H&R Real Estate Staple (HR.UNResearch Report). Today, an analyst has provided a rating update for the Financial sector company, H&R Real Estate Staple (TSX: HR.UN).

According to TipRanks.com, Markidis is a 5-star analyst with an average return of 13.8% and a 87.4% success rate. Markidis covers the Financial sector, focusing on stocks such as Dream Office Real Estate Investment Trust, Cominar Real Estate Investment Trust, and Summit Industrial Income REIT.

H&R Real Estate Staple has an analyst consensus of Hold, with a price target consensus of C$24.

H&R Real Estate Staple’s market cap is currently C$6.53B and has a P/E ratio of 23.80. The company has a Price to Book ratio of 0.93.

H&R Real Estate Investment Trust is an open-ended investment trust company, which engages in the ownership and management of retail properties, industrial properties, residential properties, and development properties. It operates through the following business segments: Office, Primaris, H&R Retail, ECHO, Industrial, and Lantower Residential.

The company’s shares closed last Friday at C$22.63.