H&R Real Estate Investment Trust (TSE:HR.UN) Hits New 12-Month Low – Should You Sell?

Shares of H&R Real Estate Investment Trust (TSE:HR.UN) hit a new 52-week low 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.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HR.UN. Scotiabank increased their price objective 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. Royal Bank of Canada upgraded 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 Price Performance

The firm has a market cap of C$2.53 billion, a PE ratio of -11.79 and a beta of 1.98. The company has a debt-to-equity ratio of 73.68, a current ratio of 0.31 and a quick ratio of 0.19. The business’s fifty day moving average is C$9.45 and its 200-day moving average is C$10.08.

Insider Transactions at H&R Real Estate Investment Trust

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