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

Key Points

• H&R Real Estate Investment Trust's stock price recently surpassed its 200-day moving average, trading as high as C$12.03 before closing at C$11.92.
• Analysts have adjusted their price targets for H&R Real Estate Investment Trust, with Scotiabank setting a target of C$14.00 and Royal Bank of Canada revising theirs to C$13.50.
• The company has a current market capitalization of C$3.13 billion and carries a debt-to-equity ratio of 73.68, reflecting its financial leverage.

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.85 and traded as high as C$12.03. H&R Real Estate Investment Trust shares last traded at C$11.92, with a volume of 353,985 shares traded.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Scotiabank upped their price target on H&R Real Estate Investment Trust from C$12.00 to C$14.00 and gave the stock a "sector perform" rating in a research note on Monday, July 7th. Royal Bank Of Canada upped their price target on H&R Real Estate Investment Trust from C$11.50 to C$13.50 and gave the stock an "outperform" rating in a research note on Friday, August 15th. Finally, TD Securities decreased their price target on 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 note on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, H&R Real Estate Investment Trust presently has an average rating of "Moderate Buy" and an average price target of C$13.25.

H&R Real Estate Investment Trust Stock Performance

The firm has a market capitalization of C$3.13 billion, a price-to-earnings ratio of -32.29 and a beta of 1.22. The company has a debt-to-equity ratio of 73.68, a current ratio of 0.31 and a quick ratio of 0.19. The firm has a 50 day moving average price of C$11.89 and a 200-day moving average price of C$10.85.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.