Today we revisit H&R Real Estate Investment Trust which is a member of the INK Canadian Insider Index. While the unit price remains below its 200-day moving average, it is trading above its 20-day and 50-day moving averages and is up more than 8 per cent during the past 30 days as of midweek. During the rally, four insiders – including the CEO, CFO and chairman – have spent nearly $1.5-million buying units. However, with the REIT poking above the upper bound of its Bollinger band, it may be in short-term overbought territory.
Ted Dixon is CEO of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.