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

H&R Real Estate Investment Trust (TSE:HR.UN) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.47 and traded as high as C$11.19. H&R Real Estate Investment Trust shares last traded at C$11.11, with a volume of 477,322 shares.

Wall Street Analysts Forecast Growth

Separately, 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 research note on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, H&R Real Estate Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.00.

H&R Real Estate Investment Trust Price Performance

The firm has a market capitalization of C$2.94 billion, a price-to-earnings ratio of -3.77 and a beta of 0.60. The company’s 50 day moving average is C$10.61 and its 200 day moving average is C$10.47. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68.

H&R Real Estate Investment Trust (TSE:HR.UN) last issued its quarterly earnings data on Thursday, May 14th. The real estate investment trust reported C($0.12) earnings per share for the quarter. The business had revenue of C$184.25 million during 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%. On average, equities research 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

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.