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

H&R Real Estate Investment Trust (TSE:HR.UN) shares hit a new 52-week low on Tuesday . The stock traded as low as C$9.16 and last traded at C$9.24, with a volume of 311422 shares changing hands. The stock had previously closed at C$9.24.

Wall Street Analysts Forecast Growth

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

H&R Real Estate Investment Trust Stock Performance

The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31. The firm has a market cap of C$2.42 billion, a PE ratio of -11.28 and a beta of 1.98. The stock has a 50-day simple moving average of C$9.69 and a two-hundred day simple moving average of C$10.05.

Insider Transactions at H&R Real Estate Investment Trust

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