Insider Buying: H&R Real Estate Investment Trust (TSE:HR.UN) Director Buys 10,000 Shares of Stock

H&R Real Estate Investment Trust (TSE:HR.UN) Director Ronald C. Rutman bought 10,000 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was acquired at an average cost of C$9.75 per share, for a total transaction of C$97,500.00. Following the purchase, the director now owns 1,268,609 shares in the company, valued at approximately C$12,368,937.75.

Ronald C. Rutman also recently made the following trade(s):

  • On Wednesday, June 24th, Ronald C. Rutman purchased 20,000 shares of H&R Real Estate Investment Trust stock. The stock was bought at an average price of C$9.84 per share, with a total value of C$196,758.00.
  • On Tuesday, May 19th, Ronald C. Rutman acquired 20,000 shares of H&R Real Estate Investment Trust stock. The stock was bought at an average cost of C$8.81 per share, for a total transaction of C$176,258.00.

Shares of HR.UN opened at C$9.76 on Wednesday. The firm has a market cap of $2.80 billion and a price-to-earnings ratio of -4.12. The company has a quick ratio of 0.13, a current ratio of 0.40 and a debt-to-equity ratio of 107.90. The business’s 50 day moving average is C$9.93 and its two-hundred day moving average is C$15.51. H&R Real Estate Investment Trust has a 52-week low of C$7.39 and a 52-week high of C$23.63.

A number of equities research analysts have recently issued reports on HR.UN shares. Raymond James lowered their target price on H&R Real Estate Investment Trust from C$14.00 to C$10.00 and set an “outperform” rating for the company in a research note on Tuesday, May 19th. CIBC lowered their price objective on shares of H&R Real Estate Investment Trust from C$22.00 to C$16.00 in a research report on Tuesday, May 19th. Scotiabank dropped their price objective on shares of H&R Real Estate Investment Trust from C$23.00 to C$14.00 in a research note on Monday, April 20th. National Bank Financial lowered their price target on shares of H&R Real Estate Investment Trust from C$16.25 to C$15.00 and set an “outperform” rating for the company in a report on Tuesday, May 19th. Finally, Royal Bank of Canada cut their price objective on shares of H&R Real Estate Investment Trust from C$24.00 to C$15.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 19th.

H&R Real Estate Investment Trust Company Profile

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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Insider Buying and Selling by Quarter for H&R Real Estate Investment Trust (TSE:HR.UN)

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