H&R Real Estate Investment Trust (TSE:HR.UN) Sets New 12-Month Low – Time to Sell?

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

Analyst Ratings Changes

Several analysts have 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 for the company in a research note on Wednesday, December 11th. Scotiabank lifted 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 Stock Performance

The company’s 50-day simple moving average is C$9.60 and its 200-day simple moving average is C$10.06. The stock has a market capitalization of C$2.40 billion, a price-to-earnings ratio of -11.17 and a beta of 1.98. The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68.

Insiders Place Their Bets

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 price of C$9.41 per share, for a total transaction of C$34,966.07. Company insiders own 1.89% of the company’s stock.

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.