Insider Buying: H&R Real Estate Investment Trust (TSE:HR.UN) Senior Officer Acquires C$34,966.07 in Stock

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

H&R Real Estate Investment Trust Price Performance

Shares of HR.UN stock opened at C$9.37 on Thursday. The stock’s 50-day moving average is C$10.21 and its 200 day moving average is C$10.01. H&R Real Estate Investment Trust has a 1-year low of C$8.63 and a 1-year high of C$11.67. 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 company has a market cap of C$2.46 billion, a P/E ratio of -11.43 and a beta of 1.98.

Analyst Ratings Changes

Several analysts recently weighed in on the company. TD Securities lifted their price objective on H&R Real Estate Investment Trust from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Scotiabank boosted their price target on shares of H&R Real Estate Investment Trust from C$11.50 to C$11.75 in a report on Friday, November 15th. Finally, 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 research note on Wednesday, December 11th.

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.