H&R Real Estate Inv Trust (HR.UN-T) Stock Predictions - Stockchase
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431
H&R Real Estate Inv Trust (HR.UN-T)

ON STOCKCHASE SINCE May 2001

REIT (Offices)

property mngmnt/investment

H&R Real Estate Inv Trust H&R Real Estate Inv Trust
HR.UN-T

208 431
property mngmnt/investment

H&R Real Estate Inv Trust (HR.UN-T) SAVE

20.35

0.23 (1.14%)

Sep, 22, 2018, 12:00 am

OPINIONS

About H&R Real Estate Inv Trust (HR.UN-T)

H&R Real Estate Investment Trust is a Canadian open-ended real estate investment trust, specializing in commercial real estate, and based in Toronto, Ontario. It is the third largest REIT in Canada by market capitalization. More at Wikipedia

What the experts are saying about HR.UN-T



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Signal Opinion Expert
HOLD

They have a sizable discount to the NAV and a good yield. You would likely regret selling at this level – continue to hold. They have a quality portfolio and are getting out of the US retail space. Yield 6.9%.  

property mngmnt/investment

They have a sizable discount to the NAV and a good yield. You would likely regret selling at this level – continue to hold. They have a quality portfolio and are getting out of the US retail space. Yield 6.9%.  

property mngmnt/investment
Rob Tetrault

Portfolio , Tetrault Wealth Advi...

Price Price
$20.350
Owned Owned
No

COMMENT

The company has been frustrating because it pays a good dividend but it has had a slow decline in stock price. Management at the right is similarly concerned about the stock price and is adjusting its portfolio--getting out of US retail and into US multifamily. In Canada it is a very high-quality commercial real estate operator with high-quality tenants. Their vacancy rates are very low, the dividend is seen as safe and the stock has been treated by investors as a bond substitute. She expects the portfolio adjustments to lead to an increase in the stock price. Yield 6.8%. 

property mngmnt/investment

The company has been frustrating because it pays a good dividend but it has had a slow decline in stock price. Management at the right is similarly concerned about the stock price and is adjusting its portfolio--getting out of US retail and into US multifamily. In Canada it is a very high-quality commercial real estate operator with high-quality tenants. Their vacancy rates are very low, the dividend is seen as safe and the stock has been treated by investors as a bond substitute. She expects the portfolio adjustments to lead to an increase in the stock price. Yield 6.8%. 

property mngmnt/investment
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$20.580
Owned Owned
Yes

DON'T BUY

Good for a long term hold? Dividend safe? Yield around 6%. Has always stayed away because lots of moving parts. Just wants them to do something he can understand. Nothing tells him he needs to own it.

property mngmnt/investment

Good for a long term hold? Dividend safe? Yield around 6%. Has always stayed away because lots of moving parts. Just wants them to do something he can understand. Nothing tells him he needs to own it.

property mngmnt/investment
Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$20.180
Owned Owned
No

HOLD

This REIT has been around a long time and holds a cluster of assets in Toronto, Vancouver and the US.  Generally, it is well run and you could continue to hold it for the long term.  He would prefer SRU.UN-T.  

property mngmnt/investment

This REIT has been around a long time and holds a cluster of assets in Toronto, Vancouver and the US.  Generally, it is well run and you could continue to hold it for the long term.  He would prefer SRU.UN-T.  

property mngmnt/investment
Michael Simpson

Senior Vic, Sentry Investments...

Price Price
$20.010
Owned Owned
No

COMMENT

It's been sliding since early 2017, and all REITs are getting hit with rising interest rates. In the summer, REITs hang on, because interest rates hold. Look for it to show strength above the current $20.

property mngmnt/investment

It's been sliding since early 2017, and all REITs are getting hit with rising interest rates. In the summer, REITs hang on, because interest rates hold. Look for it to show strength above the current $20.

property mngmnt/investment
Brooke Thackray

Research A, Horizons ETFs (Canad...

Price Price
$19.710
Owned Owned
Unknown

DON'T BUY

He sold it a few years ago.  He thought it had run is coarse.  He is not ready to jump back in.

property mngmnt/investment

He sold it a few years ago.  He thought it had run is coarse.  He is not ready to jump back in.

property mngmnt/investment
Tim Regan

Managing D, Kingwest & Company...

Price Price
$19.950
Owned Owned
No

BUY

H&R REIT vs. Artis REIT as a dividend play:  H&R is the only REIT he owns, paying a 6.5% yield. It's diversified and the only REIT trading at a discount to its NAV. It's cheap. Artis has been flat. All REITs have pulled back due to interest rate rises, so this is not the space to be. H&R is cleaning up selling the U.S. It will outperform in the next 12 months. Not much growth here, but a good yield play.

property mngmnt/investment

H&R REIT vs. Artis REIT as a dividend play:  H&R is the only REIT he owns, paying a 6.5% yield. It's diversified and the only REIT trading at a discount to its NAV. It's cheap. Artis has been flat. All REITs have pulled back due to interest rate rises, so this is not the space to be. H&R is cleaning up selling the U.S. It will outperform in the next 12 months. Not much growth here, but a good yield play.

property mngmnt/investment
Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$20.200
Owned Owned
Yes

DON'T BUY

It has been a laggard for the best part of 5 years.  There is nothing in the chart pattern at the moment.  There is no evidence they are going to turn the ship around from the chart.

property mngmnt/investment

It has been a laggard for the best part of 5 years.  There is nothing in the chart pattern at the moment.  There is no evidence they are going to turn the ship around from the chart.

property mngmnt/investment
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$20.610
Owned Owned
Unknown

COMMENT

These REITs valuations have come down as interest rates went up. The real catalyst for this name is completing Jackson Park in 2019 and Sears releasing their space. It does have a flat growth rate. It is trading at a 13% below its assumed Net Asset Value. The balance sheet is not bad. Unsexy name. A yield proxy. Good management team. (Analysts’ price target is $24)

property mngmnt/investment

These REITs valuations have come down as interest rates went up. The real catalyst for this name is completing Jackson Park in 2019 and Sears releasing their space. It does have a flat growth rate. It is trading at a 13% below its assumed Net Asset Value. The balance sheet is not bad. Unsexy name. A yield proxy. Good management team. (Analysts’ price target is $24)

property mngmnt/investment
Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$20.060
Owned Owned
No

PARTIAL SELL

HR.UN-T vs. CHR.UN-T.  Hang onto CSH.UN-T.  They are both AMZN-Q proof.  Tenants pay rent so they are not long term leases like elsewhere in the REIT space.  He would lighten up on HR.UN-T

property mngmnt/investment

HR.UN-T vs. CHR.UN-T.  Hang onto CSH.UN-T.  They are both AMZN-Q proof.  Tenants pay rent so they are not long term leases like elsewhere in the REIT space.  He would lighten up on HR.UN-T

property mngmnt/investment
Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$21.170
Owned Owned
Unknown

COMMENT

He wouldn’t want to be heavily loaded with REITs. He only has one left, and it is commercial with all commercial properties. Be a little cautious over the next year. If it got below $20.21, that indicates there’s something else going on out there and the market doesn’t want to be in real estate anymore.

property mngmnt/investment

He wouldn’t want to be heavily loaded with REITs. He only has one left, and it is commercial with all commercial properties. Be a little cautious over the next year. If it got below $20.21, that indicates there’s something else going on out there and the market doesn’t want to be in real estate anymore.

property mngmnt/investment
Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$21.110
Owned Owned
No

COMMENT

He likes this company. Very well diversified with a very attractive dividend yield. In recent years they’ve increased their US exposure. It is so well diversified that you can bank on pretty moderate but stable cash flow and cash flow growth for the foreseeable future.

property mngmnt/investment

He likes this company. Very well diversified with a very attractive dividend yield. In recent years they’ve increased their US exposure. It is so well diversified that you can bank on pretty moderate but stable cash flow and cash flow growth for the foreseeable future.

property mngmnt/investment
Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$20.980
Owned Owned
Yes

COMMENT

Announced they were going to make close to $1 billion in sales out of the US, and reinvest in multi-resident businesses. This is a strategy that is getting a little tired. His biggest issue is that they are so diversified, such as office, residential, redevelopment, Canada, US, it is too much for an analyst. Thinks they’ve been hurt by this.

property mngmnt/investment

Announced they were going to make close to $1 billion in sales out of the US, and reinvest in multi-resident businesses. This is a strategy that is getting a little tired. His biggest issue is that they are so diversified, such as office, residential, redevelopment, Canada, US, it is too much for an analyst. Thinks they’ve been hurt by this.

property mngmnt/investment
Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$20.980
Owned Owned
No

COMMENT

You buy this for yield. Because interest rates are low and lots of investors are reaching for yield, most of these stocks are overbought. Incremental demand might not be there, which may be the reason it is just going sideways. There may be a slight chance of it going lower. Be absolutely disciplined and make sure of the level you want to get out. Don’t be fooled by the yield, because as the price goes lower, the yield goes up. Dividend yield of 6.4%.

property mngmnt/investment

You buy this for yield. Because interest rates are low and lots of investors are reaching for yield, most of these stocks are overbought. Incremental demand might not be there, which may be the reason it is just going sideways. There may be a slight chance of it going lower. Be absolutely disciplined and make sure of the level you want to get out. Don’t be fooled by the yield, because as the price goes lower, the yield goes up. Dividend yield of 6.4%.

property mngmnt/investment
William Chin

Portfolio , Caldwell Investment ...

Price Price
$21.410
Owned Owned
Unknown

COMMENT

Largely a commercial and industrial manager of real estate assets, and for years and years a wonderful simple strategy. They would build a commercial building, mortgage it, lease it for 20 years and lock in a spread. It was predictable and it was great. They then branched out, and in 2008 had a near-death experience when they built the Bow office tower in Calgary. They almost ran out of money because they hadn’t locked up their financing. This is a low growth company. Distribution is growing, very slowly. It’s the kind of company that will suffer if interest rates grow. The 6% distribution is not a dividend and is taxed as other income, but is absolutely safe. This is only a yield play.

property mngmnt/investment

Largely a commercial and industrial manager of real estate assets, and for years and years a wonderful simple strategy. They would build a commercial building, mortgage it, lease it for 20 years and lock in a spread. It was predictable and it was great. They then branched out, and in 2008 had a near-death experience when they built the Bow office tower in Calgary. They almost ran out of money because they hadn’t locked up their financing. This is a low growth company. Distribution is growing, very slowly. It’s the kind of company that will suffer if interest rates grow. The 6% distribution is not a dividend and is taxed as other income, but is absolutely safe. This is only a yield play.

property mngmnt/investment
David Baskin

President, Baskin Wealth Manage...

Price Price
$21.960
Owned Owned
Unknown

Showing 1 to 15 of 431 entries
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1 Comment

Allan Langille

January 24th 2017 at 9:18am

LOUSY PAYOUT RATIO (PRICE/P:E) - They earn far less than than what they pay in dividends.


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