H&R Real Estate Investment Trust (TSE:HR.UN – Get Rating)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$12.99 and traded as high as C$13.22. H&R Real Estate Investment Trust shares last traded at C$13.10, with a volume of 463,364 shares changing hands.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on HR.UN shares. BMO Capital Markets set a C$18.00 price objective on shares of H&R Real Estate Investment Trust in a research report on Monday, May 16th. Scotiabank increased their price objective on shares of H&R Real Estate Investment Trust from C$16.50 to C$17.00 in a research report on Tuesday, August 16th. National Bankshares increased their price objective on shares of H&R Real Estate Investment Trust from C$15.25 to C$16.50 and gave the company an "outperform" rating in a research report on Monday, August 15th. TD Securities increased their price objective on shares of H&R Real Estate Investment Trust from C$15.50 to C$17.00 and gave the company a "buy" rating in a research report on Monday, May 16th. Finally, CIBC decreased their price objective on shares of H&R Real Estate Investment Trust from C$17.50 to C$16.50 in a research report on Monday, June 27th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, H&R Real Estate Investment Trust presently has a consensus rating of "Moderate Buy" and an average price target of C$16.82.
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H&R Real Estate Investment Trust Stock Down 0.3 %
The company has a current ratio of 0.58, a quick ratio of 0.22 and a debt-to-equity ratio of 78.19. The company has a market capitalization of C$3.49 billion and a PE ratio of 2.58. The business's 50-day simple moving average is C$12.92 and its 200-day simple moving average is C$12.99.
Insiders Place Their Bets
In other news, Director Ronald C. Rutman acquired 20,000 shares of the company's stock in a transaction dated Wednesday, June 15th. The shares were acquired at an average price of C$12.75 per share, with a total value of C$254,932.00. Following the purchase, the director now directly owns 1,551,000 shares of the company's stock, valued at C$19,769,976.60.
H&R Real Estate Investment Trust Company Profile
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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.
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