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

Published on 10/20/2026 at 19:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

A November 13 vote will decide the asset sale. H&R Real Estate Investment Trust stock costs EUR 6.22 on October 20, 2026 at Lang & Schwarz.

Analyst target and voting date

Royal Bank of Canada cut its H&R target from CAD 13.00 to CAD 11.50 on October 13, 2026.
H&R unitholders will vote on the proposed asset sale on November 13, 2026.
H&R Real Estate Investment Trust stock was trading at EUR 6.22 at Lang & Schwarz on October 20, 2026 at 7:11 p.m. CEST.

HR.UN, CA4039254079, Illustration mit AI erstellt.

H&R Real Estate Investment Trust (ISIN CA4039254079) faces a CAD 11.50 analyst target after Royal Bank of Canada cut its objective from CAD 13.00 on October 13, 2026. The trust will also put its proposed asset sale to a unitholder vote on November 13, 2026, while its euro quotation was trading at EUR 6.22 at Lang & Schwarz on October 20, 2026 at 7:11 p.m. CEST.

RBC target leaves a 17.11 percent gap

According to MarketBeat, Royal Bank of Canada maintained an Outperform rating while lowering the target from CAD 13.00 to CAD 11.50. Against the CAD 9.82 Toronto quotation on October 20, 2026, the new target lies 17.11 percent above the price.

The target cut is the clearest valuation signal in the recent analyst coverage. MarketBeat also listed three Buy ratings and two Hold ratings, with an average target of CAD 11.50 on October 13, 2026.

November 13 vote sets the next date

H&R filed its management information circular and scheduled the special meeting for November 13, 2026. The proposed arrangement would give unitholders CAD 4.28 in cash plus 0.5688 GO Residential REIT units, together valued at CAD 12.01 per H&R unit using the August 10, 2026 valuation reference, according to CNW Group via Yahoo Finance. The final court hearing is scheduled for November 17, 2026.

The transaction would transfer H&R's assets to GO Residential REIT and a purchaser consortium. The meeting materials state that the independent trustees recommend a vote in favor, while the result remains dependent on unitholder and court approvals.

Portfolio figures frame the decision

H&R's investor-relations page lists 105 properties and 20.284 million square feet as of March 31, 2026. Residential properties accounted for CAD 3.782 billion of fair market value, compared with CAD 1.489 billion for industrial properties, according to H&R Real Estate Investment Trust.

The same March 31, 2026 information lists debt at 42.6 percent of total assets, a 55.1 percent payout ratio per unit of funds from operations, and an annual distribution of CAD 0.60. Net asset value was CAD 15.96 per unit, making the scheduled vote and the transaction terms central to the valuation discussion.

Stock price and market frame

H&R Real Estate Investment Trust was trading at EUR 6.22 at Lang & Schwarz on October 20, 2026 at 7:11 p.m. CEST. Its Toronto quotation was CAD 9.82 at 1:17 p.m. ET on the same date, with a 52-week range of CAD 9.06 to CAD 11.81 and market capitalization of CAD 2.6 billion.

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