Insider Buying: H&R Real Estate Investment Trust (TSE:HR.UN) Director Acquires 20,000 Shares of Stock
H&R Real Estate Investment Trust (TSE:HR.UN – Get Rating) Director Ronald C. Rutman purchased 20,000 shares of H&R Real Estate Investment Trust stock in a transaction dated Wednesday, June 15th. The stock was acquired at an average price of C$12.75 per share, for a total transaction of C$254,932.00. Following the completion of the transaction, the director now owns 1,551,000 shares in the company, valued at approximately C$19,769,976.60.
H&R Real Estate Investment Trust stock traded down C$0.75 during midday trading on Thursday, reaching C$11.99. 1,411,928 shares of the stock traded hands, compared to its average volume of 1,101,228. The company has a current ratio of 0.73, a quick ratio of 0.45 and a debt-to-equity ratio of 75.28. The firm has a fifty day moving average price of C$13.09 and a two-hundred day moving average price of C$13.56. The firm has a market cap of C$3.29 billion and a price-to-earnings ratio of 2.60. H&R Real Estate Investment Trust has a fifty-two week low of C$11.68 and a fifty-two week high of C$17.27.
A number of research analysts have recently issued reports on HR.UN shares. BMO Capital Markets set a C$18.00 price target on shares of H&R Real Estate Investment Trust in a research report on Monday, May 16th. Scotiabank raised their price target on shares of H&R Real Estate Investment Trust from C$15.25 to C$16.50 in a research report on Wednesday, May 18th. Royal Bank of Canada raised their price target on shares of H&R Real Estate Investment Trust from C$14.25 to C$16.00 and gave the stock a “sector perform” rating in a research report on Monday, May 16th. TD Securities boosted their target price 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 note on Monday, May 16th. Finally, National Bankshares boosted their target price on shares of H&R Real Estate Investment Trust from C$17.00 to C$18.50 and gave the company an “outperform” rating in a research note on Monday, May 16th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, H&R Real Estate Investment Trust has a consensus rating of “Buy” and an average target price of C$17.21.
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H&R Real Estate Investment Trust Company Profile (Get Rating)
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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