Free Trial

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

H&R Real Estate Investment Trust logo with Real Estate background

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.
  • Need better tools to track H&R Real Estate Investment Trust? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

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.

Get Our Latest Stock Report on H&R Real Estate Investment Trust

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

(Get Free Report)

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.

Featured Stories

Should You Invest $1,000 in H&R Real Estate Investment Trust Right Now?

Before you consider H&R Real Estate Investment Trust, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and H&R Real Estate Investment Trust wasn't on the list.

While H&R Real Estate Investment Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Next Tech Boom: AI Robots Are Coming Sooner Than You Think!
Tech Stocks Stumble: Will Nvidia’s Report Spark a Rebound?
Follow the Money: 5 Stocks Institutions Are Buying NOW

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines