11:48 AM EDT, 05/16/2025 (MT Newswires) -- H&R Real Estate Investment Trust reported steady first-quarter results, notes BMO.

Analyst Tom Callaghan adds that improving U.S. sunbelt multifamily fundamentals and the potential execution of chunkier asset dispositions over the next 12 months could serve as catalysts for the units.

At the same time, an undemanding valuation (8.4% implied cap rate) drives a risk/reward that skews positive, in Callaghan's view.

Maintain Outperform recommendation, target price raised by $0.50 to $11.50.

Price: 10.12, Change: +0.01, Percent Change: +0.05