H&R Real Estate Investment Trust (TSE:HR.UN) Stock Passes Above 200-Day Moving Average of $9.53

H&R Real Estate Investment Trust (TSE:HR.UN) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.53 and traded as high as C$11.57. H&R Real Estate Investment Trust shares last traded at C$11.54, with a volume of 297,155 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TD Securities upped their price objective on H&R Real Estate Investment Trust from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note 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, the company presently has a consensus rating of “Hold” and a consensus target price of C$11.35.

H&R Real Estate Investment Trust Price Performance

The company has a fifty day simple moving average of C$10.31 and a two-hundred day simple moving average of C$9.53. The stock has a market capitalization of C$3.02 billion, a price-to-earnings ratio of -14.25 and a beta of 1.97. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31.

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.