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

H&R Real Estate Investment Trust (TSE:HR.UN)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as C$9.00 and last traded at C$9.27, with a volume of 328779 shares. The stock had previously closed at C$9.35.

Wall Street Analysts Forecast Growth

HR.UN has been the subject of several research analyst reports. 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 price target for the company in a research note on Wednesday, December 11th. Scotiabank increased their price target 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 Trading Up 3.0 %

The firm’s 50-day simple moving average is C$9.45 and its 200-day simple moving average is C$10.08. The firm has a market capitalization of C$2.53 billion, a PE ratio of -11.79 and a beta of 1.98. 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 Activity

In other H&R Real Estate Investment Trust news, Senior Officer Robyn Kestenberg bought 3,716 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were bought at an average cost of C$9.41 per share, with a total value of C$34,966.07. 1.89% of the stock is currently owned by corporate insiders.

About H&R Real Estate Investment Trust

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.