H&R Real Estate Investment Trust (TSE:HR.UN) Reaches New 1-Year Low – Time to Sell?

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

Analyst Ratings Changes

Several research firms recently commented 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 for the company in a research note on Wednesday, December 11th. Scotiabank raised their target price on shares of 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 stock has a fifty day simple moving average of C$9.77 and a 200-day simple moving average of C$10.04. The company has a market capitalization of C$2.41 billion, a PE ratio of -11.21 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.

Insider Buying and Selling

In other news, Senior Officer Robyn Kestenberg acquired 3,716 shares of the company’s stock in a transaction on Friday, December 20th. The shares were bought at an average price of C$9.41 per share, with a total value of C$34,966.07. 1.89% of the stock is owned by company insiders.

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.