H&R Real Estate Investment Trust (TSE:HR.UN) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Shares of H&R Real Estate Investment Trust (TSE:HR.UN) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$10.48 and traded as high as C$10.52. H&R Real Estate Investment Trust shares last traded at C$10.39, with a volume of 730,525 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HR.UN. TD Securities cut their price target on 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 company an “outperform” rating in a report 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 MarketBeat, H&R Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of C$12.00.

H&R Real Estate Investment Trust Stock Performance

The firm has a fifty day simple moving average of C$10.28 and a 200 day simple moving average of C$10.47. The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68. The stock has a market cap of C$2.73 billion, a price-to-earnings ratio of -3.42 and a beta of 0.74.

H&R Real Estate Investment Trust (TSE:HR.UN) last posted its quarterly earnings results on Thursday, May 14th. The real estate investment trust reported C($0.12) EPS for the quarter. H&R Real Estate Investment Trust had a negative net margin of 20.83% and a negative return on equity of 4.16%. The firm had revenue of C$184.25 million during the quarter. As a group, sell-side analysts expect that H&R Real Estate Investment Trust will post 1.3814956 earnings per share for the current year.

H&R Real Estate Investment Trust Company Profile

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.