H&R Real Estate Inv Trust

HR.UN-T

TSE:HR.UN

21.70
0.00 (0.00%)
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

Analysis and Opinions about HR.UN-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
December 2, 2019
It's range-bound and getting to the lower end, which may lead to an entry point. It's a low-risk investment. The CEO owns a lot of stock. The downside is protected, but don't expect much on the upside. He's concerned about their big mall portfolio, because malls aren't doing too well. Also, he's not impressed with the total return.
It's range-bound and getting to the lower end, which may lead to an entry point. It's a low-risk investment. The CEO owns a lot of stock. The downside is protected, but don't expect much on the upside. He's concerned about their big mall portfolio, because malls aren't doing too well. Also, he's not impressed with the total return.
Joshua Varghese
Portfolio manager, Signature Global Asset Management, CI Investments
Price
$21.580
Owned
No
HOLD
HOLD
November 27, 2019
A $6 billion asset holder -- the grand daddy in the Canadian REIT space. The dividend is probably safe. They have some weakness in the retail mall space they own in the US. It is a hold. Yield 6.4%
A $6 billion asset holder -- the grand daddy in the Canadian REIT space. The dividend is probably safe. They have some weakness in the retail mall space they own in the US. It is a hold. Yield 6.4%
Jeffrey F. Olin
President & CEO, Vision Capital Corporation
Price
$21.570
Owned
No
SELL
SELL
November 19, 2019
It keeps failing to break $24. It's rolling over and will fall to $20, perhaps lower. Anything retail is under big pressure now.
It keeps failing to break $24. It's rolling over and will fall to $20, perhaps lower. Anything retail is under big pressure now.
Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$21.710
Owned
Unknown
HOLD
HOLD
November 4, 2019

They have an EnCana building. EnCana has moved away. The sectors they are in are difficult, but they are diversified. The distribution is very safe. He is not too concerned short term with EnCana moving. He would continue to hold it if he owned it.

They have an EnCana building. EnCana has moved away. The sectors they are in are difficult, but they are diversified. The distribution is very safe. He is not too concerned short term with EnCana moving. He would continue to hold it if he owned it.

Andrew Moffs
Senior Vice President and Portfolio Manager , Vision Capital
Price
$22.350
Owned
No
DON'T BUY
DON'T BUY
October 31, 2019
Diverse. Higher yield than peers. Diversified portfolios aren't her favourite. Cautious on retail portfolio, as malls are struggling and hindering H&R's growth. Encana being a leaseholder in Calgary might concern investors. Distribution on hold for a while. Around 45% levered, so nothing of risk. Close to fairly valued, doesn't see growth potential.
Diverse. Higher yield than peers. Diversified portfolios aren't her favourite. Cautious on retail portfolio, as malls are struggling and hindering H&R's growth. Encana being a leaseholder in Calgary might concern investors. Distribution on hold for a while. Around 45% levered, so nothing of risk. Close to fairly valued, doesn't see growth potential.
Michelle Wearing
Portfolio Manager, Starlight Capital
Price
$22.360
Owned
No
PAST TOP PICK
PAST TOP PICK
October 29, 2019

(A Top Pick Jan 03/19, Up 14%) The only REIT that trades at a discount to NAV. The yield is 6%. It has another 10% in it plus the yield. They have Calgary office space exposure, but they still get paid by Encana.

(A Top Pick Jan 03/19, Up 14%) The only REIT that trades at a discount to NAV. The yield is 6%. It has another 10% in it plus the yield. They have Calgary office space exposure, but they still get paid by Encana.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$22.340
Owned
Yes
TOP PICK
TOP PICK
September 17, 2019
Pays a 6.12% yield, low risk, though offers limited growth of 1-2% FFO growth. They have streamlined with diversified properties in office, retail, industrial and residential. They're re-allocation capital in higher-growth markets.
Pays a 6.12% yield, low risk, though offers limited growth of 1-2% FFO growth. They have streamlined with diversified properties in office, retail, industrial and residential. They're re-allocation capital in higher-growth markets.
Christopher Blumas
Vice-President & Portfolio Manager, GlobeInvest Capital Management
Price
$22.570
Owned
Yes
DON'T BUY
DON'T BUY
August 22, 2019
It's diversified, owning office, retail, residential. They have long-term leases, 10 years on average, which is good. This offers some security in a recession. They've sold nearly $2 billion of assets in the past two years, but have been growing a portfolio in the US sunbelt, which she likes. Retail is in closed malls, but not performing well. A catalyst is the sale of Bow, a Calgary office tower, soon. Maybe the yield will rise in 2020. This is fully valued and the diversification stunts growth.
It's diversified, owning office, retail, residential. They have long-term leases, 10 years on average, which is good. This offers some security in a recession. They've sold nearly $2 billion of assets in the past two years, but have been growing a portfolio in the US sunbelt, which she likes. Retail is in closed malls, but not performing well. A catalyst is the sale of Bow, a Calgary office tower, soon. Maybe the yield will rise in 2020. This is fully valued and the diversification stunts growth.
Michelle Wearing
Portfolio Manager, Starlight Capital
Price
$22.440
Owned
Unknown
WAIT
WAIT
July 31, 2019
A large cap REIT. The dividend is safe. It is diversified among several real estate classes. They hold a large position in some retail assets. This is not one of his favorites right now. He would wait for now.
A large cap REIT. The dividend is safe. It is diversified among several real estate classes. They hold a large position in some retail assets. This is not one of his favorites right now. He would wait for now.
Jeffrey F. Olin
President & CEO, Vision Capital Corporation
Price
$22.680
Owned
No
DON'T BUY
DON'T BUY
July 23, 2019
They have held this on the debt side, but not the equity. They almost have too much diversification for his liking -- too many moving parts. He likes themes that play into strategies. The units have done nothing for almost 7 years. Yield 6%
They have held this on the debt side, but not the equity. They almost have too much diversification for his liking -- too many moving parts. He likes themes that play into strategies. The units have done nothing for almost 7 years. Yield 6%
Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$22.970
Owned
No
COMMENT
COMMENT
July 11, 2019
Doesn't see a dividend cut in the immediate future. Has just floated along, as most REITs have, for a long time. Doesn't see earnings momentum higher.
Doesn't see a dividend cut in the immediate future. Has just floated along, as most REITs have, for a long time. Doesn't see earnings momentum higher.
Ross Healy
Chairman, Strategic Analysis Corp
Price
$23.450
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
July 9, 2019
A big company that owns some good assets and a safe dividend yield. He would range trade this and is not clamoring to step in right now.
A big company that owns some good assets and a safe dividend yield. He would range trade this and is not clamoring to step in right now.
Joshua Varghese
Portfolio manager, Signature Global Asset Management, CI Investments
Price
$23.420
Owned
No
COMMENT
COMMENT
May 16, 2019
Never owned it. They are all over the place in terms of sectors. They are good Managers. With interest rates being down the stock came up. Conservative. 70% pay out ratio. He hasn't looked at it closely as they are widely diversified.
Never owned it. They are all over the place in terms of sectors. They are good Managers. With interest rates being down the stock came up. Conservative. 70% pay out ratio. He hasn't looked at it closely as they are widely diversified.
Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$23.410
Owned
No
COMMENT
COMMENT
March 18, 2019
2020 looks promising with success in U.S> multi.
2020 looks promising with success in U.S> multi.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$22.820
Owned
Unknown
COMMENT
COMMENT
February 26, 2019
No, retail is not going out of fashion. HR will work out okay and will grind out a slowly growing dividend. The fear out there is that Amazon will destroy all retail--but that's unfounded. Also, HR diversifies into building condos too. A safe dividend, but with modest growth prospects.
No, retail is not going out of fashion. HR will work out okay and will grind out a slowly growing dividend. The fear out there is that Amazon will destroy all retail--but that's unfounded. Also, HR diversifies into building condos too. A safe dividend, but with modest growth prospects.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$22.750
Owned
Unknown
Showing 1 to 15 of 454 entries