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

H&R Real Estate Investment Trust (TSE:HR.UN) passed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Wall Street Analyst Weigh In

Separately, TD Securities boosted 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 research report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, H&R Real Estate Investment Trust has a consensus rating of “Hold” and a consensus price target of C$11.35.

H&R Real Estate Investment Trust Stock Down 1.1 %

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 firm has a 50-day moving average of C$10.83 and a 200 day moving average of C$9.80. The stock has a market capitalization of C$2.85 billion, a price-to-earnings ratio of -13.27 and a beta of 1.98.

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.