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

H&R Real Estate Investment Trust (TSE:HR.UN)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.14 and traded as high as C$10.19. H&R Real Estate Investment Trust shares last traded at C$10.14, with a volume of 414,699 shares.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upgraded shares of H&R Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and set a C$11.50 target price for the company in a research note on Wednesday, December 11th.

H&R Real Estate Investment Trust Price 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 company’s fifty day moving average is C$9.91 and its two-hundred day moving average is C$10.13. The firm has a market capitalization of C$2.66 billion, a price-to-earnings ratio of -12.37 and a beta of 1.98.

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.