H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

H&R Real Estate Investment Trust (TSE:HR.UN)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$9.79 and traded as high as C$11.02. H&R Real Estate Investment Trust shares last traded at C$10.88, with a volume of 399,070 shares changing hands.

Analysts Set New Price Targets

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

H&R Real Estate Investment Trust Price Performance

The business’s 50-day moving average price is C$10.83 and its 200 day moving average price is C$9.79. The stock has a market capitalization of C$2.85 billion, a PE ratio of -13.27 and a beta of 1.98. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31.

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.