H&R Real Estate Investment Trust (TSE:HR.UN – Get Rating) Director Ronald C. Rutman sold 17,700 shares of the business’s stock in a transaction on Wednesday, December 28th. The stock was sold at an average price of C$12.21, for a total transaction of C$216,090.45. Following the completion of the transaction, the director now owns 1,560,559 shares in the company, valued at approximately C$19,052,084.55.
H&R Real Estate Investment Trust Price Performance
HR.UN opened at C$12.11 on Friday. The firm has a market cap of C$3.22 billion and a price-to-earnings ratio of 2.87. H&R Real Estate Investment Trust has a fifty-two week low of C$10.22 and a fifty-two week high of C$16.33. The company’s 50-day moving average price is C$12.00 and its 200-day moving average price is C$12.23. The company has a quick ratio of 0.19, a current ratio of 0.59 and a debt-to-equity ratio of 73.59.
Wall Street Analyst Weigh In
A number of brokerages have commented on HR.UN. BMO Capital Markets cut their price objective on shares of H&R Real Estate Investment Trust from C$17.00 to C$15.50 in a report on Thursday, November 17th. Royal Bank of Canada cut their price objective on shares of H&R Real Estate Investment Trust from C$15.75 to C$15.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 16th. CIBC cut their target price on shares of H&R Real Estate Investment Trust from C$16.50 to C$16.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 16th. National Bankshares upped their target price on shares of H&R Real Estate Investment Trust from C$13.50 to C$14.25 and gave the company an “outperform” rating in a research note on Wednesday, November 16th. Finally, TD Securities cut their target price on shares of H&R Real Estate Investment Trust from C$16.00 to C$14.50 and set a “buy” rating on the stock in a research note on Thursday, October 20th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, H&R Real Estate Investment Trust currently has an average rating of “Moderate Buy” and an average target price of C$15.50.
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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