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

H&R Real Estate Investment Trust (TSE:HR.UNGet Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.40 and traded as high as C$10.54. H&R Real Estate Investment Trust shares last traded at C$10.49, with a volume of 451,172 shares trading hands.

Analyst Upgrades and Downgrades

HR.UN has been the subject of a number of research analyst reports. TD Securities decreased their price objective on shares of H&R Real Estate Investment Trust from C$12.00 to C$11.50 and set a “buy” rating for the company in a report on Tuesday, February 17th. National Bank Financial set a C$12.00 price target on H&R Real Estate Investment Trust and gave the stock an “outperform” rating in a research note on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, H&R Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average price target of C$12.00.

Check Out Our Latest Report on HR.UN

H&R Real Estate Investment Trust Trading Down 3.0%

The stock has a market cap of C$2.92 billion, a PE ratio of -3.75 and a beta of 0.60. The company has a 50 day moving average of C$10.43 and a two-hundred day moving average of C$10.41. 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 (TSE:HR.UNGet Free Report) last posted its quarterly earnings data on Thursday, May 14th. The real estate investment trust reported C($0.12) earnings per share for the quarter. H&R Real Estate Investment Trust had a negative return on equity of 4.16% and a negative net margin of 20.83%.The company had revenue of C$184.25 million for the quarter. Sell-side analysts anticipate that H&R Real Estate Investment Trust will post 1.3814956 earnings per share for the current fiscal year.

About H&R Real Estate Investment Trust

(Get Free Report)

H&R REIT is one of Canada’s largest real estate investment trusts. H&R REIT has ownership interests in a Canadian and U.S. portfolio primarily comprised of high-quality residential (operating as Lantower Residential), industrial and office properties comprising approximately 21.3 million square feet.

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