Insider Buying: H&R Real Estate Investment Trust (TSE:HR.UN) Senior Officer Acquires 3,716 Shares of Stock

H&R Real Estate Investment Trust (TSE:HR.UN) Senior Officer Robyn Kestenberg bought 3,716 shares of the business’s stock in a transaction on Friday, December 20th. The shares were acquired at an average price of C$9.41 per share, for a total transaction of C$34,966.07.

H&R Real Estate Investment Trust Trading Down 1.0 %

H&R Real Estate Investment Trust stock traded down C$0.09 during midday trading on Monday, hitting C$9.27. 214,076 shares of the stock were exchanged, compared to its average volume of 468,051. H&R Real Estate Investment Trust has a 52 week low of C$8.63 and a 52 week high of C$11.67. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68. The stock has a market capitalization of C$2.43 billion, a PE ratio of -11.30 and a beta of 1.98. The company has a fifty day simple moving average of C$10.27 and a two-hundred day simple moving average of C$10.01.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HR.UN shares. Royal Bank of Canada upgraded shares of H&R Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and set a C$11.50 price objective on the stock in a report on Wednesday, December 11th. Scotiabank increased their price target on H&R Real Estate Investment Trust from C$11.50 to C$11.75 in a research note on Friday, November 15th. Finally, TD Securities raised their price target on H&R Real Estate Investment Trust from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th.

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.