RBC cuts target for H&R Real Estate Investment Trust stock to CAD 11.50

Royal Bank of Canada lowered its price target for H&R Real Estate Investment Trust from CAD 13.00 to CAD 11.50 on October 13, 2026, while retaining an Outperform rating, according to MarketBeat. The published target implied 18.56 percent upside from the then-current CAD 9.70 quote. H&R Real Estate Investment Trust stock was trading at EUR 6.21 at Lang & Schwarz on October 15, 2026 at 7:08 p.m. CEST.

The target sits above the quote

The revised target gives investors a dated Canadian-dollar valuation marker, while the rating remained positive. MarketBeat also reported that three analysts carried Buy ratings and two carried Hold ratings, producing a Moderate Buy consensus with an average target of CAD 11.50 on October 13, 2026.

The target revision followed earlier reductions by National Bank Financial and TD. MarketBeat said National Bank Financial had cut its target from CAD 12.25 to CAD 11.50 on August 13, 2026, while TD had reduced its target from CAD 11.50 to CAD 11.00 on August 25, 2026.

Operations span 105 properties

H&R's investor-relations page listed 105 properties as of March 31, 2026, with 20.284 million square feet across residential, industrial, office and retail assets. The same page put fair market value of investment properties at CAD 6.507 billion, debt to total assets at 42.6 percent and the payout ratio per unit of funds from operations at 55.1 percent, as reported by H&R Real Estate Investment Trust.

Income and valuation markers

The annual distribution was CAD 0.60 per unit as of March 31, 2026, while the investor-relations page listed a 5.8 percent current yield and a net asset value of CAD 15.96 per unit. A separate dividend record showed a 6.26 percent yield and CAD 2.533 billion market capitalization as of October 9, 2026, according to DividendListing.

The next dated corporate milestone is the special meeting scheduled for November 13, 2026. H&R disclosed the meeting date and the proposed transaction terms in an October 8, 2026 release carried by Yahoo Finance.

Stock stays tied to income and deal dates

For investors, the key reference points are the reduced CAD 11.50 target, the CAD 0.60 annual distribution and the November 13 meeting date. The portfolio figures show a diversified property base, while the 42.6 percent debt-to-assets ratio keeps balance-sheet execution relevant.

H&R Real Estate Investment Trust stock was trading at EUR 6.21 at Lang & Schwarz on October 15, 2026 at 7:08 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of H&R Real Estate Investment Trust stock.

Market context: Market report S&P/TSX Composite.

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