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H&R Real Estate Inv Trust (HR.UN-T)
TSE:HR.UN
9.84
Financials
Technical Analysis
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Experts have mixed opinions on H&R Real Estate Inv Trust (HR.UN-T). While some praise its property portfolio and secure yield, others note the challenges of diversification and the lack of earnings momentum. The company is undergoing a transformation towards multi-family and industrial properties, but its growth prospects remain uncertain. Overall, it is seen as a show-me stock with potential value in the long term, but current headwinds and a difficult selling environment pose challenges.
$9.100
Unknown
Diversified REITs are difficult to own in a bear market. Discount to NAV. Earnings momentum just isn't there. A show-me stock. Company's refocusing. Value there, but will take time. Nice 6.5% distribution yield.
Doing its best to diversify into multi-family residential apartments in US Sunbelt, where supply is high, so operating income will be challenged. Execution story in a difficult environment for selling or transitioning assets. A hold. Discount to NAV, but headwinds to fundamentals. Still, prefers it to AX.UN.
Too diversified: retail, office, residential, US, Canada. He likes focused REITs that do just one or two things. Cut distribution. Doesn't care for management. Offloading assets at not-great prices. Significant discount to NAV, 16x AFFO. In this uncertain environment, gravitate to the highest quality.
Our PAST TOP PICK with HR.UN has triggered its stop at $11.50. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 9%, when combined with the previous buy recommendation.
We reiterate, HR-UN, one of Canada's largest REITS holding $11.4 billion in assets in North America, as a TOP PICK. Its strategic plan is refocusing on growth orientated residential and industrial properties. It trades at 4x earnings and under book value. The yield is good and backed by a payout ratio under 20%. We recommend trailing up the stop-loss from $10.50 to $11.50, looking to achieve $15.75 -- upside potential of 26%. Yield 4.3%
(Analysts’ price target is $15.75)Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Repositioning property portfolio for growth. Good yield of 4.4%. Reduced debt balance. Repurchasing units at a discount to NAV. Unlock Premium - Try 5i Free
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Repositioning property portfolio for growth. Good yield of 4.4%. Reduced debt balance. Repurchasing units at a discount to NAV. Unlock Premium - Try 5i Free
H&R Real Estate Inv Trust(HR.UN-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 3
H&R Real Estate Inv Trust(HR.UN-T) Frequently Asked Questions
What is H&R Real Estate Inv Trust stock symbol?
H&R Real Estate Inv Trust is a Canadian stock, trading under the symbol HR.UN-T on the Toronto Stock Exchange (HR.UN-CT). It is usually referred to as TSX:HR.UN or HR.UN-T
Is H&R Real Estate Inv Trust a buy or a sell?
In the last year, 3 stock analysts published opinions about HR.UN-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for H&R Real Estate Inv Trust.
Is H&R Real Estate Inv Trust a good investment or a top pick?
H&R Real Estate Inv Trust was recommended as a Top Pick by on . Read the latest stock experts ratings for H&R Real Estate Inv Trust.
Why is H&R Real Estate Inv Trust stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is H&R Real Estate Inv Trust worth watching?
3 stock analysts on Stockchase covered H&R Real Estate Inv Trust In the last year. It is a trending stock that is worth watching.
What is H&R Real Estate Inv Trust stock price?
On 2024-11-21, H&R Real Estate Inv Trust (HR.UN-T) stock closed at a price of $9.84.
Great properties, but diversification means it doesn't get a great valuation from the market. Sunbelt properties are over-supplied. Owns office properties and retail. Transforming to multi-family and industrial. Trade action starting to pick up. Secure yield of about 6.7%. Growth will be a while, depends on your time horizon. Better names in the meantime.