H&R Real Estate Investment Trust (TSE:HR.UN) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• H&R Real Estate Investment Trust's stock price has surpassed its two hundred day moving average, reaching C$11.61 at its peak during trading, with a last recorded price of C$11.52.
• Several analysts have adjusted their target prices for the stock, with a consensus target price of C$13.25 and an overall rating of "Moderate Buy."
• The company, recognized as one of Canada's largest REITs, has a market cap of C$3.02 billion, with significant ownership in a diverse portfolio of properties totaling approximately $10.7 billion in assets.

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$10.91 and traded as high as C$11.61. H&R Real Estate Investment Trust shares last traded at C$11.52, with a volume of 938,616 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. TD Securities decreased their target price 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 report on Tuesday, July 29th. Scotiabank boosted their target price 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 report on Monday, July 7th. Finally, Royal Bank Of Canada boosted their target price 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 report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$13.25.

H&R Real Estate Investment Trust Stock Performance

The stock has a market cap of C$3.02 billion, a price-to-earnings ratio of -31.21 and a beta of 1.22. 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's 50 day moving average is C$11.87 and its two-hundred day moving average is C$10.91.

About H&R Real Estate Investment Trust

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.

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