H&R Real Estate Investment Trust (TSE:HR.UN) Reaches New 52-Week Low – Here’s What Happened

Shares of H&R Real Estate Investment Trust (TSE:HR.UN) hit 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. The stock had previously closed at C$9.24.

Wall Street Analysts Forecast Growth

HR.UN has been the subject of a number of research analyst reports. 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 target price for the company in a research note on Wednesday, December 11th. Scotiabank lifted their target price on H&R Real Estate Investment Trust from C$11.50 to C$11.75 in a report on Friday, November 15th.

H&R Real Estate Investment Trust Price Performance

The company has a debt-to-equity ratio of 73.68, a current ratio of 0.31 and a quick ratio of 0.19. The stock has a market capitalization of C$2.41 billion, a price-to-earnings ratio of -11.21 and a beta of 1.98. The stock has a 50 day moving average price of C$9.77 and a 200-day moving average price of C$10.04.

Insider Activity at H&R Real Estate Investment Trust

In other news, Senior Officer Robyn Kestenberg purchased 3,716 shares of H&R Real Estate Investment Trust stock in a transaction dated Friday, December 20th. The shares were purchased at an average price of C$9.41 per share, with a total value 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.