The Globe and Mail reports in its Friday, Feb. 6, edition that National Bank analyst Matt Kornack and Giuliano Thornhill continue to rate H&R REIT "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Kornack and Mr. Thornhill gave their unit target a 75-cent boost to $11.50. Analysts on average target the units at $12. Mr. Kornack and Mr. Thornhill say in a note: "The outcome to the REIT's strategic review process was a bit disappointing as investors now need to contend with execution risk as management attempts to sell off the pieces at a premium to what was being offered for the whole company. Nonetheless, we still think the name trades at a discount to intrinsic value and the potential exists for a positive outcome (recent externalization of property management at the Lantower platform provides more optionality for that segment). Roll-up strategies require patience, so we will continue to monitor progress and the implications for NAV and prospects for potential upside/downside." The Globe reported on Nov. 27 that Mr. Kornack was sticking with his "outperform" recommendation for H & R REIT. The units were then going for $10.40.