H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

Key Points

• H&R Real Estate Investment Trust's shares crossed above their 200-day moving average of C$10.49, reaching a peak of C$11.96 during trading.
• Analysts have given mixed opinions, with Royal Bank of Canada increasing its price target to C$13.50 and three analysts recommending a Buy rating.
• The company boasts a market capitalization of C$3.12 billion and a debt-to-equity ratio of 73.68.

Shares of H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.49 and traded as high as C$11.96. H&R Real Estate Investment Trust shares last traded at C$11.91, with a volume of 286,362 shares trading hands.

Analysts Set New Price Targets

A number of research firms have weighed in on HR.UN. Scotiabank boosted their price objective on shares of H&R Real Estate Investment Trust from C$12.00 to C$14.00 and gave the company a "sector perform" rating in a research report on Monday, July 7th. Royal Bank Of Canada boosted their price objective on shares of H&R Real Estate Investment Trust from C$11.50 to C$13.50 and gave the company an "outperform" rating in a research report on Friday, August 15th. BMO Capital Markets boosted their price objective on shares of H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a research report on Thursday, May 22nd. Finally, TD Securities cut their price objective on shares of H&R Real Estate Investment Trust from C$14.50 to C$14.00 and set a "buy" rating on the stock in a research report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$13.25.

H&R Real Estate Investment Trust Price Performance

The stock has a market capitalization of C$3.17 billion, a PE ratio of -14.77 and a beta of 1.98. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68. The stock's 50 day moving average price is C$11.56 and its 200-day moving average price is C$10.53.

H&R Real Estate Investment Trust Company Profile

H&R REIT is one of Canada's largest real estate investment trusts with total post-Primaris spin-off pro forma assets of approximately $10.7 billion. H&R REIT has ownership interests in a North American portfolio comprised of high quality office, industrial, residential and retail properties comprising over 29.4 million square feet post-Primaris spin off.