H&R Real Estate Investment Trust (TSE:HR.UN) Reaches New 12-Month Low – Here’s What Happened

Shares of H&R Real Estate Investment Trust (TSE:HR.UN) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$9.10 and last traded at C$9.15, with a volume of 273356 shares changing hands. The stock had previously closed at C$9.18.

Analysts Set New Price Targets

HR.UN has been the topic of several recent research reports. Scotiabank boosted their price target on H&R Real Estate Investment Trust from C$11.50 to C$11.75 in a research report on Friday, November 15th. Royal Bank of Canada upgraded H&R Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and set a C$11.50 price target on the stock in a research report on Wednesday, December 11th.

H&R Real Estate Investment Trust Price Performance

The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31. The company has a 50-day simple moving average of C$9.53 and a 200-day simple moving average of C$10.06. The company has a market cap of C$2.43 billion, a price-to-earnings ratio of -11.29 and a beta of 1.98.

Insider Transactions at H&R Real Estate Investment Trust

In other news, Senior Officer Robyn Kestenberg purchased 3,716 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were acquired at an average price of C$9.41 per share, with a total value of C$34,966.07. Corporate insiders own 1.89% of the company’s stock.

H&R Real Estate Investment Trust Company Profile

H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $14.5 billion at March 31, 2019. H&R REIT has ownership interests in a North American portfolio of high quality office, retail, industrial and residential properties comprising over 43 million square feet.