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

H&R Real Estate Investment Trust (TSE:HR.UN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.79 and traded as high as C$11.02. H&R Real Estate Investment Trust shares last traded at C$10.88, with a volume of 399,070 shares.

Analysts Set New Price Targets

Separately, TD Securities boosted their target price on shares of H&R Real Estate Investment Trust from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$11.35.

H&R Real Estate Investment Trust Stock Down 1.1 %

The stock’s 50-day moving average price is C$10.83 and its two-hundred day moving average price is C$9.79. The stock has a market capitalization of C$2.85 billion, a P/E ratio of -13.27 and a beta of 1.98. The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68.

H&R Real Estate Investment Trust Company Profile

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.