H&R Real Estate Investment Trust (TSE:HR.UN) Hits New 52-Week Low – What’s Next?

H&R Real Estate Investment Trust (TSE:HR.UN) reached a new 52-week low on Tuesday . The company traded as low as C$9.16 and last traded at C$9.24, with a volume of 311422 shares traded. The stock had previously closed at C$9.24.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HR.UN. Royal Bank of Canada raised H&R Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and set a C$11.50 target price on the stock in a research note on Wednesday, December 11th. Scotiabank lifted their price objective on shares of H&R Real Estate Investment Trust from C$11.50 to C$11.75 in a research report on Friday, November 15th.

H&R Real Estate Investment Trust Stock Performance

The company has a market capitalization of C$2.42 billion, a P/E ratio of -11.28 and a beta of 1.98. The business has a 50 day moving average of C$9.69 and a 200 day moving average of C$10.05. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68.

Insider Transactions at H&R Real Estate Investment Trust

In other H&R Real Estate Investment Trust news, Senior Officer Robyn Kestenberg bought 3,716 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were purchased at an average cost of C$9.41 per share, for a total transaction of C$34,966.07. 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.