H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

H&R Real Estate Investment Trust (TSE:HR.UN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.60 and traded as high as C$12.20. H&R Real Estate Investment Trust shares last traded at C$12.19, with a volume of 823,046 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HR.UN shares. Royal Bank Of Canada lifted their price objective on H&R Real Estate Investment Trust from C$11.50 to C$13.50 and gave the company an “outperform” rating in a report on Friday, August 15th. Scotiabank lifted their price objective on H&R Real Estate Investment Trust from C$12.00 to C$14.00 and gave the company a “sector perform” rating in a report on Monday, July 7th. BMO Capital Markets raised their target price on H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a research note on Thursday, May 22nd. Finally, TD Securities lowered their target price on H&R Real Estate Investment Trust from C$14.50 to C$14.00 and set a “buy” rating for the company in a research note on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, H&R Real Estate Investment Trust has an average rating of “Moderate Buy” and a consensus price target of C$13.25.

H&R Real Estate Investment Trust Stock Performance

The company has a market capitalization of C$3.19 billion, a price-to-earnings ratio of -14.87 and a beta of 1.98. The company has a debt-to-equity ratio of 73.68, a current ratio of 0.31 and a quick ratio of 0.19. The stock has a 50 day moving average price of C$11.66 and a two-hundred day moving average price of C$10.60.

H&R Real Estate Investment Trust Company Profile

H&R REIT is one of Canada’s largest real estate investment trusts with total post-Primaris spin-off pro forma assets of approximately $10.7 billion. H&R REIT has ownership interests in a North American portfolio comprised of high quality office, industrial, residential and retail properties comprising over 29.4 million square feet post-Primaris spin off.