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H&R Real Estate Investment Trust
(TSE HR.UN) Our portfolio of office properties, single-tenant industrial properties, retail properties and mezzanine financings for development projects, have a book value totaling approximately $4,180 million, encompassing 40 million square feet.
Recent News: H&R Reports Solid Q1 Results and Increases Monthly Distributions
Neil Downey........RBC Capital Markets......June 20, 2011 Maintained OUTPERFORM Target raised to $23.50 from $23.00C HR.UN Price day before: $21.95 Finish day of posting:$21.74Current:$21.74 -----Feb 25, 2011------- Maintained OUTPERFORM Target raised to $23.00 from $22.00C HR.UN Price day before: $20.42 Finish day of posting:$20.38Current:$21.74 -------Nov 12, 2010-------- Target raised to $22.00 from $21.75C HR.UN Price day before: $19.46 Finish day of posting:$18.96Current:$21.74 ------Apr 24, 2009------- Target raised to $10.50 from $9.50C (Target Hit June 26, 2009) HR.UN Price day before: $9.20 Finish day of posting:$9.66Current:$21.74 -------Mar 05, 2009------ Target reduced to $9.50 from $10.00C (Target Hit Apr 24, 2009) HR.UN Price day before: $7.37 Finish day of posting:$6.60Current:$21.74 ------Nov 13, 2008------ Price Target reduced to $10.00 from $19.25C HR.UN Price day before: $7.66 Finish day of posting:$7.70Current:$21.74 --------Aug 14, 2006------ Downgraded to SECTOR PERFORM from OUTPERFORM HR.UN Price day before: $14.67 Finish day of posting:$14.63Current:$21.74 -------Aug 09, 2005----------- Downgraded to SECTOR PERFORM from OUTPERFORM HR.UN Price day before: $20.71 Finish day of posting:$20.63Current:$21.74 ------August 07, 2003------ Downgraded to SECTOR PERFORM from OUTPERFORM Price Target raised to $15.50 from $15.00 HR.UN Price day before: $15.43 Finish day of posting:$15.55Current:$21.74 ------May 15, 2003----------- Maintained OUTPERFORM Price Target raised to $15.00 from $14.50(Hit Target) HR.UN Price day before: $14.63 Finish day of posting:$?Current:$21.74 ---------January 06, 2003--------- Upgraded to OUTPERFORM from SECTOR PERFORM Price Target $14.50 (Hit Target May 05, 2003) HR.UN Price day before: $13.34 Finish day of posting:$?Current:$21.74 ****************************** Mario Saric........Scotia Capital .....June 17, 2011 Maintained SECTOR PERFORM Target raised to $23.00 from $22.75C HR.UN Price day before: $21.10 Finish day of posting:$21.95Current:$21.74 ------June 03, 2011----- Maintained SECTOR PERFORM Target raised to $22.75 from $22.00C HR.UN Price day before: $21.48 Finish day of posting:$21.50Current:$21.74 ------Feb 25, 2011------ Maintained SECTOR PERFORM Target raised to $22.00 from $21.25C HR.UN Price day before: $20.42 Finish day of posting:$20.38Current:$21.74 ------Dec 13, 2010------- Maintained SECTOR PERFORM Target raised to $21.25 from $20.50C (Target Hit Feb 16, 2011) HR.UN Price day before: $19.46 Finish day of posting:$19.65Current:$21.74 -------July 28, 2010------- Maintained SECTOR PERFORM Target raised to $19.00 from $18.25C (Target Hit) HR.UN Price day before: $18.20 Finish day of posting:$18.18Current:$21.74 --------May 17, 2010----- Maintained SECTOR PERFORM Target raised to $18.25 from $17.25C (Target Hit July 26, 2010) HR.UN Price day before: $16.90 Finish day of posting:$16.78Current:$21.74 -------Jan 28, 2010------- Maintained SECTOR PERFORM Target raised to $17.25 from $16.50C (Target Hit Apr 21, 2010) HR.UN Price day before: $16.01 Finish day of posting:$16.45Current:$21.74 --------Nov 16, 2009--------- Maintained SECTOR PERFORM Target raised to $13.75 from $13.50C (Target Hit Dec 11, 2009) HR.UN Price day before: $12.49 Finish day of posting:$13.00Current:$21.74 ------Aug 14, 2009------ Maintained SECTOR PERFORM Target raised to $13.50 from $11.50C (Target Hit) HR.UN Price day before: $12.91 Finish day of posting:$12.74Current:$21.74 ------Apr 29, 2009------ New SECTOR PERFORM Target $11.50C (Target Hit July 17, 2009) HR.UN Price day before: $9.65 Finish day of posting:$9.50Current:$21.74 ********* Sam Damiani........TD Newcrest ....June 16, 2011 Maintained BUY Target raised to $23.00 from $22.00C HR.UN Price day before: $20.99 Finish day of posting:$21.10Current:$21.74 ------Nov 12, 2010------ Maintained BUY Target $22.00C HR.UN Price day before: $19.46 Finish day of posting:$18.96Current:$21.74 ------July 28, 2010----- Maintained BUY Target raised to $20.00 from $19.00C (Target Hit Jan 13, 2011) HR.UN Price day before: $18.20 Finish day of posting:$18.18Current:$21.74 -------.Jan 07, 2010------ Maintained BUY Target raised to $17.50 from $15.50C (Target Hit July 13, 2010) HR.UN Price day before: $16.01 Finish day of posting:$16.02Current:$21.74 -----Nov 16, 2009----- Maintained BUY Target $15.50C (Target Hit Dec 22, 2009) HR.UN Price day before: $12.49 Finish day of posting:$13.00Current:$21.74 -------July 31, 2009------- Maintained BUY Target raised to $13.50 from $13.00C (Target Hit) HR.UN Price day before: $12.41 Finish day of posting:$12.73Current:$21.74 ********* Shant Poladian........Canaccord Capital.....Feb 28, 2011 Maintained BUY Target reduced to $23.50 from $22.25C HR.UN Price day before: $21.18 Finish day of posting:$21.36Current:$21.74 --------Nov 15, 2010--------- Maintained BUY Target $22.25C HR.UN Price day before: $18.96 Finish day of posting:$19.23Current:$21.74 --------Aug 16, 2010----- Maintained BUY Target raised to $21.00 from $19.75C (Target Hit Feb 11, 2011) HR.UN Price day before: $18.10 Finish day of posting:$18.23Current:$21.74 -------May 17, 2010------- Maintained BUY Price Target raised to $19.75 from $19.25C (Target Hit Sept 10, 2010) HR.UN Price day before: $16.90 Finish day of posting:$16.78Current:$21.74 ------Aug 17, 2009--------- Maintained BUY Price Target reduced to $17.25 from $15.50C (Target Hit Apr 21, 2010) HR.UN Price day before: $12.74 Finish day of posting:$12.35Current:$21.74 -------Nov 17, 2008-------- Maintained BUY Price Target reduced to $15.50 from $19.25C (Target Hit Dec 22, 2009) HR.UN Price day before: $6.70 Finish day of posting:$6.67Current:$21.74 --------May 15, 2007------ Maintained BUY Price Target $27.50C HR.UN Price day before: $24.81 Finish day of posting:$25.15Current:$21.74 ---------Aug 14, 2006----- Maintained BUY Price Target $23.50C HR.UN Price day before: $22.29 Finish day of posting:$21.80Current:$21.74 ------Aug 11, 2005---------- Maintained HOLD Price Target raised to $21.25 from $19.40C (Target Hit) HR.UN Price day before: $20.39 Finish day of posting:$20.70Current:$21.74 ***************** Alex Avery........CIBC World Markets..........Feb 25, 2011 Maintained OUTPERFORM Target reduced to $23.50 from $24.50C HR.UN Price day before: $20.42 Finish day of posting:$20.38Current:$21.74 -------Nov 16, 2010-------- Target raised to $24.50 from $23.00C HR.UN Price day before: $19.23 Finish day of posting:$19.02Current:$21.74 ------Sept 07, 2010--- Target raised to $23.00 from $21.25C HR.UN Price day before: $19.40 Finish day of posting:$19.47Current:$21.74 ------Aug 16, 2010--- Target raised to $21.25 from $20.00C (Target Hit Feb 16, 2011) HR.UN Price day before: $18.10 Finish day of posting:$18.23Current:$21.74 -------May 17, 2010-------- Target raised to $20.00 from $19.00C (Target Hit Jan 13, 2011) HR.UN Price day before: $16.78 Finish day of posting:$16.42Current:$21.74 -----Mar 05, 2009----- Target reduced to $16.50 from $17.00C (Target Hit Jan 28, 2010) HR.UN Price day before: $7.37 Finish day of posting:$6.60Current:$21.74 -------Nov 17, 2008------ Price Target reduced to $19.00 from $24.50C HR.UN Price day before: $6.70 Finish day of posting:$6.67Current:$21.74 ***************** Jeff Roberts........Desjardins Securities............Feb 25, 2011 Maintained BUY Target raised to $22.50 from $22.00C HR.UN Price day before: $20.42 Finish day of posting:$20.38Current:$21.74 -------Nov 16, 2009------- Target raised to $14.50 from $13.75C (Target Hit Dec 14, 2009) HR.UN Price day before: $12.49 Finish day of posting:$13.00Current:$21.74 -------Apr 27, 2009---------- Downgraded to HOLD from BUY HR.UN Price day before: $9.66 Finish day of posting:$9.80Current:$21.74 -------Mar 05, 2009----- Target reduced to $9.00 from $9.50C (Target Hit Apr 23, 2009) HR.UN Price day before: $7.37 Finish day of posting:$6.60Current:$21.74 --------Nov 17, 2008------ Price Target reduced to $10.25 from $15.25C HR.UN Price day before: $6.70 Finish day of posting:$6.67Current:$21.74 ------May 22, 2007----- Maintained BUY Price Target raised to $28.50 from $27.10C HR.UN Price day before: $24.85 Finish day of posting:$24.60Current:$21.74 ***************** Karine MacIndoe........BMO Capital Markets......Feb 25, 2011 Maintained OUTPERFORM Target raised to $23.00 from $22.00C HR.UN Price day before: $20.42 Finish day of posting:$20.38Current:$21.74 --------Nov 12, 2010-------- Maintained OUTPERFORM Target raised to $22.00 from $21.50C HR.UN Price day before: $19.46 Finish day of posting:$18.96Current:$21.74 ------Aug 13, 2010------- Maintained OUTPERFORM Target raised to $20.00 from $19.00C (Target Hit Jan 13, 2011) HR.UN Price day before: $18.05 Finish day of posting:$18.10Current:$21.74 ------Nov 16, 2009--------- Upgraded to OUTPERFORM from MARKET PERFORM Target raised to $14.50 from $14.00C (Target Hit Dec 14, 2009) HR.UN Price day before: $12.49 Finish day of posting:$13.00Current:$21.74 ------May 18, 2009------ Resumed Coverage MARKET PERFORM HR.UN Price day before: $9.07 Finish day of posting:$9.41Current:$21.74 -------Oct 20, 2008-------- Maintained OUTPERFORM Price Target reduced to $12.00 from $19.50C (Target Hit) HR.UN Price day before: $11.11 Finish day of posting:$11.74Current:$21.74 -------Sept 27, 2005----- Upgraded to OUTPERFORM from MARKET PERFORM HR.UN Price day before: $18.97 Finish day of posting:$20.05Current:$21.74 ------Aug 09, 2005------ Maintained MARKET PERFORM Price Target raised to $21.50 from $19.50 (Target Hit) HR.UN Price day before: $20.71 Finish day of posting:$20.63Current:$21.74 ***************** Mandy Samols....Raymond James......Sept 08, 2010 Target raised to $21.50 from $19.50C (Target Hit Feb 17, 2011) HR.UN Price day before: $19.47 Finish day of posting:$19.47Current:$21.74 --------Aug 13, 2010-------- Maintained OUTPERFORM Target raised to $19.50 from $18.50C (Target Hit Sept 08, 2010) HR.UN Price day before: $18.05 Finish day of posting:$18.10Current:$21.74 ------May 17, 2010---- Maintained OUTPERFORM Price Target raised to $18.50 from $18.00C (Target Hit Aug 17, 2010) HR.UN Price day before: $16.90 Finish day of posting:$16.78Current:$21.74 ------Mar 01, 2010-------- Maintained OUTPERFORM Price Target raised to $18.00 from $16.00C (Target Hit July 23, 2010) HR.UN Price day before: $16.40 Finish day of posting:$16.84Current:$21.74 -----Dec 11, 2009----- Maintained OUTPERFORM Target raised to $16.00 from $15.25C (Target Hit Jan 26, 2010) HR.UN Price day before: $13.55 Finish day of posting:$13.99Current:$21.74 -------Sept 30, 2009------- New OUTPERFORM Target $15.25C (Target Hit Dec 22, 2009) HR.UN Price day before: $13.28 Finish day of posting:$13.92Current:$21.74 ************ Mark Rothschild........Genuity Capital Markets...........Jan 28, 2010 Target raised to $15.85 from $14.80C HR.UN Price day before: $16.01 Finish day of posting:$16.45Current:$21.74 -------Jan 12, 2009------- Target raised to $7.50 from $6.50C (Target Hit Jan 20, 2009) HR.UN Price day before: $8.25 Finish day of posting:$8.13Current:$21.74 -------Nov 17, 2008------- Price Target reduced to $11.00 from $14.75C HR.UN Price day before: $6.70 Finish day of posting:$6.67Current:$21.74 -----Aug 14, 2006------ Downgraded to HOLD from BUY HR.UN Price day before: $22.29 Finish day of posting:$21.80Current:$21.74 ***************** Gail Mifsud........Blackmont Capital........Apr 02, 2009 Upgraded to BUY from SPECULATIVE BUY HR.UN Price day before: $7.60 Finish day of posting:$8.28Current:$21.74 -----Nov 17, 2008------ Downgraded to SPECULATIVE BUY from BUY Price Target reduced to $10.50 from $21.00C (Target Hit June 26, 2009) HR.UN Price day before: $6.70 Finish day of posting:$6.67Current:$21.74 -------Aug 22, 2007---- Upgraded to BUY from HOLD HR.UN Price day before: $22.20 Finish day of posting:$21.94Current:$21.74 -----Aug 10, 2007------ Downgraded to HOLD from BUY HR.UN Price day before: $22.65 Finish day of posting:$21.95Current:$21.74 -----Apr 27, 2007------ New BUY Price Target $29.00C HR.UN Price day before: $25.15 Finish day of posting:$24.92Current:$21.74 ***************** Himalaya Jain........Scotia Capital...........May 10, 2007 Maintained SECTOR PERFORM Price Target $25.00 HR.UN Price day before: $25.08 Finish day of posting:$25.15Current:$21.74 --------Aug 14, 2006-------- Downgraded to SECTOR PERFORM from OUTPERFORM Price Target $21.40 HR.UN Price day before: $22.29 Finish day of posting:$21.80Current:$21.74 ----Aug 12, 2004----------- Maintained SECTOR PERFORM Price Target $15.75 HR.UN Price day before: $16.68 Finish day of posting:$16.92Current:$21.74 -------May
20, 2003 Downgraded to SECTOR PERFORM from OUTPERFORM Price Target $14.50 HR.UN Price day before: $14.67 Finish day of posting:$14.63Current:$21.74
H&R Real Estate Investment Trust Short Positions Date Outstanding Price Range Nov 01 to 15, 2010 $20.80 to $18.76 Oct 16 to 31, 2010 5.49 million $20.90 to $19.53 Oct 01 to 15, 2010 5.14 million $19.90 to $19.40 Sept 16 to 30, 2010 5.25 million $19.85 to $18.75 Sept 01 to 15, 2010 5.30 million $19.88 to $19.03 Aug 16 to 31, 2010 5.23 million $19.19 to $18.08 Aug 01 to 15, 2010 5.12 million $18.42 to $17.80 July 16 to 30, 2010 4,842,925 $18.40 to $17.25 July 01 to 15, 2010 4,009,560 $17.72 to $16.78 June 16 to 30, 2010 3.95 million $17.16 to $16.42 June 01 to 15, 2010 3,958,570 $17.04 to $15.88 May 16 to 31, 2010 3,731,131 $17.07 to $15.62 May 01 to 15, 2010 3,462,043 $17.55 to $15.50 Apr 16 to 30, 2010 3,339,660 $17.65 to $16.58 Apr 01 to 15, 2010 3,116,958 $17.15 to $16.68 Mar 16 to 31, 2010 3,017,278 $16.88 to $16.00 Mar 01 to 15, 2010 2,259,237 $17.19 to $16.50 Feb 16 to 28, 2010 2,413,591 $16.40 to $15.71 Feb 01 to 15, 2010 2,441,352 $17.40 to $15.74 Jan 16 to 31, 2010 2,172,365 $16.82 to $15.48 Jan 01 to 15, 2010 1,788,131 $16.48 to $15.05 Dec 16 to 31, 2009 1,507,443 $16.24 to $14.15 Dec 01 to 15, 2009 1,451,459 $14.68 to $13.05 Nov 16 to 30, 2009 1,377,449 $13.71 to $12.58 Nov 01 to 15, 2009 1,268,568 $13.12 to $12.47 Oct 16 to 30, 2009 1,256,545 $13.17 to $12.25 Oct 01 to 15, 2009 1,245,307 $13.72 to $12.77 Sept 16 to 30, 2009 1,256,040 $14.03 to $13.15 Sept 01 to 15, 2009 1,427,197 $13.82 to $13.04 Aug 17 to 31, 2009 1,576,048 $14.14 to $12.10 Aug 04 to 14, 2009 1,304,357 $13.92 to $12.51 July 16 to 31, 2009 1,351,194 $12.88 to $11.15 July 02 to 15, 2009 1,200,474 $11.32 to $10.33 June 16 to 30, 2009 1,150,227 $10.98 to $9.96 June 01 to 15, 2009 1,224,337 $10.75 to $9.59 May 19 to 29, 2009 $10.74 to $9.22 May 01 to 15, 2009 1,037,739 $9.93 to $8.00 Apr 16 to 30, 2009 1,104,213 $9.98 to $8.30 Apr 01 to 15, 2009 1,093,116 $8.75 to $7.41 Mar 16 to 31, 2009 1,137,234 $7.70 to $6.56 Mar 13, 2009 1,203,941 $7.50 to $6.21 Feb 27, 2009 1,105,730 $7.94 to $5.90 Feb 13, 2009 1,233,551 $8.67 to $7.73 Jan 31, 2009 1,162,368 $8.41 to $6.94 Jan 15, 2009 1,075,626 $8.73 to $7.39 Dec 31, 2008 1,248,466 $7.75 to $5.85 Dec 15, 2008 1,168,247 $7.55 to $5.50 Nov 28, 2008 1,277,569 $7.93 to $4.45 Nov 14, 2008 1,105,506 $10.10 to $6.31 Oct 31, 2008 526,993 $11.90 to $8.57 Oct 15, 2008 520,140 $15.09 to $7.50
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