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H&R Real Estate Investment Trust (HR-UN.TO)
Toronto - Toronto Real Time Price. Currency in CAD
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At close: 04:00PM EDT
1,143 reactions on $HR-UN.TO conversation
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People hesitating a few cents here and there cracks me up. We all know this is a 20$ stock. If you don't have a maximum position at this price, you'll never get it again.
We are slowly moving towards the promised land. now. Patience will be rewarded.
By end of day tomorrow, HR will have purchased for cancellation over 1M units since earnings release. Every day another 173,000 units are removed from weak hands. This provides tremendous support while we wait for the market to realize HRs true value. As less units are floating around for public trading, it only becomes easier for the unit price to go up. We will slowly chew through these sellers until there is very little selling pressure left.
I'm rotating out of Riocan into HR. Hope this is the right move.
From today's Globe and Mail, "Wednesday's analyst upgrades and downgrades" article by David Leeder:
* Scotia Capital’s Mario Saric raised his H&R Real Estate Investment Trust (HR-UN-T unchno change
) target to $16.50 from $15.25, remaining below the $16.96 average, with a “sector perform” rating.
“We took time to again consider an upgraded rating ... and there would be support for it,” he said. “That said, we ultimately felt the 8-per-cent out-performance since last Thursday (uo 11 per cent vs. 3 per cent for sector) is a good start to H&R ‘Growth’ REIT, our revised 27-per-cent NTM [next 12-month] total return matches sector avg., and we’re not quite ready to downgrade one of our Sector Outperforms. That said, H&R valuation still looks cheap vs. our Shadow REIT and importantly, we think the re-positioned portfolio (focus on residential/industrial) can structurally deliver 4 per cent-plus SSNOI growth through 2023, a big improvement from historical results and the ultimate driver of unit price growth. Bottom-line, H&R is one of our favoured ‘Sector-Perform’ REITs and announcements last week (aside from a near-term pause on broader market transactions) reinforces it is on the right path to better investor sentiment. We feel comfortable buying H&R here.”
To follow up on @RetiredCEO, this is from today's Globe & Mail:
* RBC’s Jimmy Shan increased his H&R Real Estate Investment Trust (HR-UN-T +1.22%increase
) target to $16 from $14.25 with a “sector perform” rating. Other changes include: BMO’s Jenny Ma to $18 from $16 with an “outperform” rating and CIBC’s Sumayya Syed to $17.50 from $15.50 with an “outperformer” rating. The average is $16.54.
“Q1/22 was jam-packed with many positive developments,” said Ms. Ma. “For investors who haven’t taken a closer look at HR.UN recently, this is likely not the REIT you think you know and should warrant your attention. As H&R progresses on its strategic repositioning plan, we believe the market should begin to recognize the deep-value embedded in the portfolio. The remarkable Q1/22 further confirms our strong conviction, and we reiterate that HR.UN is very undervalued.”
National Bank Target Raised to $18.50 from $17.00
TD Bank Raised to $17.00 from $15.50
RBC Bank Raised to $16.00 from $14.25
Congratulations to all the yahoo members in this group; positive and constructive feedback/comments is such a boon, to all.
The price of this is truly hilarious. Let put it in perspective: they announce a 25% increase to the value of their assets and the price is "only" up 8%. They are paying out 50% ratio , so if they wanted to they could be paying out 8% yield on industrial and residential with a long path of increasing profit. (TNT pays out 100% on office. Smartreit 90% on retail.)
Anything less than 15$ on this stock is an incredible deal.
Fly baby fly!!
Well that blew past RetiredCEOs estimates of NAV & fair value gains with a surprise distribution hike.
They need to raise the dividend
Possibly getting the stock up there
To all employees
So weird that this is still trading at a massive discount which real estate at all time highs
Anyone else on Scotia iTrade subscribing to the DPP? I'm curiouis as to whether we all pay the same price, or if it's variable. I know it doesn't really matter when it's a couple of cents and low volume, but I'm a little peeved that my DPP price was 13.27. Over the last few trading sessions, it only hit that price a couple times, that's not even close to an "average market price". Only peeved out of priciple, again, I know it barely matters.
SEDI results out for April insider transactions. Straight 173K daily repurchases with no exceptions - not that anyone was doubting the share repurchase program, but always good to confirm! GLTA for earnings later this week.
World class residential at half price.
Hopefully HR can see a similar uptick with its earnings results like primaris did today. Especially given the oversold nature of reits last week or so being largely unjustified.
The owners of HR.un will walk out of this downtown with bigger pieces of the HR.un pie. Wouldn't worry about it
Shares buyback is the strategy of CEO to get more dividends while sitting at home to enjoy retirement. The sleepy board shouldn’t approve that. Extra cash should be used to pay off debts and invest to grow.
HR needs more diversity I think. Just looking at the trustees and the officers and it's obvious the tribe is over-represented. "Diversity for thee but not for me", I guess.
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