H&R Real Estate Investment Trust (TSE:HR.UN) Share Price Crosses Above 200-Day Moving Average – Here’s Why

H&R Real Estate Investment Trust (TSE:HR.UN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.71 and traded as high as C$11.13. H&R Real Estate Investment Trust shares last traded at C$11.11, with a volume of 259,632 shares trading hands.

Analyst Ratings Changes

Separately, TD Securities upped their price objective on shares of H&R Real Estate Investment Trust from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, H&R Real Estate Investment Trust currently has a consensus rating of “Hold” and a consensus price target of C$11.35.

H&R Real Estate Investment Trust Price Performance

The firm has a market cap of C$2.91 billion, a price-to-earnings ratio of -13.52 and a beta of 1.98. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68. The company’s 50-day moving average price is C$10.72 and its 200-day moving average price is C$9.74.

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.