H&R Real Estate Investment Trust (TSE:HR.UN) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• H&R Real Estate Investment Trust's share price has exceeded its 200-day moving average, reaching C$11.81 before last trading at C$11.78 with a volume of 552,279 shares.
• Analysts have issued bullish forecasts for H&R REIT, with BMO Capital Markets raising its target price to C$11.50 and TD Securities increasing it to C$14.50.
• H&R REIT operates one of Canada’s largest portfolios with approximately $10.7 billion in assets across office, industrial, residential, and retail properties.

Shares of H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.19 and traded as high as C$11.81. H&R Real Estate Investment Trust shares last traded at C$11.78, with a volume of 552,279 shares traded.

Wall Street Analysts Forecast Growth

HR.UN has been the topic of a number of research analyst reports. Scotiabank lifted their price target 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. TD Securities boosted their target price on shares of H&R Real Estate Investment Trust from C$11.50 to C$14.50 and gave the stock a "buy" rating in a research report on Monday, July 7th. Finally, 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.

H&R Real Estate Investment Trust Stock Performance

The company has a 50 day simple moving average of C$11.05 and a 200 day simple moving average of C$10.22. 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 has a market cap of C$3.10 billion, a price-to-earnings ratio of -14.41 and a beta of 1.98.

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.