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

H&R Real Estate Investment Trust (TSE:HR.UN)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$9.53 and traded as high as C$11.57. H&R Real Estate Investment Trust shares last traded at C$11.54, with a volume of 297,155 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities lifted their price target 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 report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$11.35.

H&R Real Estate Investment Trust Stock Performance

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 stock’s 50 day moving average is C$10.39 and its 200-day moving average is C$9.57. The company has a market cap of C$2.92 billion, a PE ratio of -14.05 and a beta of 1.97.

About H&R Real Estate Investment Trust

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.