Ronald C. Rutman, a director of H&R Real Estate Investment Trust (TSE: HR.UN), sold 17,700 shares on December 28th. The shares were acquired for a total cost of 216 090.45 Canadian dollars, with an average price of 12.21 Canadian dollars per share. The director is now the owner of 1,560,559 shares of the company, which have a value of C$19,052,084.55 as a direct result of the transaction.
Reports from HR.UN has been cited in recent public statements made by several different brokerages. BMO Capital Markets stated in a report released on November 17th that the price objective they have set for shares of H&R Real Estate Investment Trust has been reduced from C$17.00 to C$15.50.The news that Scotiabank has lowered its price objective for H&R Real Estate Investment Trust from C$17.00 to C$16.25 was disclosed in a report that was made public on November 17th. The price target that National Bankshares has set for H&R Real Estate Investment Trust has increased from C$13.50 to C$14.25 due to a research report released on November 16th and given an “outperform” rating.
Additionally, the report gave the company an “outperform” rating. In a report made public on November 16th, the Canadian Imperial Bank of Commerce (CIBC) lowered its “outperform” rating and price goal for H&R Real Estate Investment Trust from C$16.50 to C$16.00. They also lowered their price goal from C$16:00 to C$16:00. TD Securities assigned the company a “buy” rating. They lowered their price objective on H&R Real Estate Investment Trust from C$16.00 to C$14.50 in a report made public on Thursday, October 20th. The report was about H&R Real Estate Investment Trust. This information was taken into consideration during the research process. The vast majority of research experts have suggested that investors purchase company shares, and only one of them has suggested that investors keep what they already have in their portfolios. The current average rating for H&R Real Estate Investment Trust is “Moderate Buy,” The price goal is 15.50 Canadian dollars, as reported by Bloomberg.com.
The value of HR.UN rose by C$0.14, reaching a new high of C$12.15 as a direct consequence of the buying and selling that took place on Thursday. The total number of times the stock was traded was 166,965, and an average volume of 825,790 shares was transacted each time. The debt-to-equity ratio presently stands at 73.59, the quick ratio stands at 0.19, and the current ratio stands at 0.59. The company has a price-to-earnings ratio of 2.85, and its market capitalization is estimated to be 3.23 billion Canadian dollars.
Moreover, the price-to-earnings ratio is lower than the industry average. The current price of a share of stock is 11.94 Canadian dollars, while both the 50-day and the 200-day moving average prices are 12.23 Canadian dollars. During the past year, the price of H&R Real Estate Investment Trust has fluctuated significantly, reaching a low of 10.22 Canadian dollars and a high of 16.33 Canadian dollars.
H&R REIT, one of Canada’s largest real estate investment trusts, had assets worth more than $14.5 billion as of March 31st, 2019. More than 43 million square feet of high-quality office, retail, industrial, and residential properties are included in H&R REIT’s portfolio of properties in North America.