H&R Real Estate Investment Trust (TSE:HR.UN) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• H&R Real Estate Investment Trust shares have recently crossed above their 200-day moving average, trading at C$12.15 with a peak of C$12.19 during the session.
• Analyst upgrades include target price increases from Scotiabank (C$12.00 to C$14.00) and Royal Bank of Canada (C$11.50 to C$13.50), indicating a favorable outlook for the stock.
• The company has a market cap of C$3.19 billion and operates a diverse portfolio with over 29.4 million square feet of properties across North America.

Shares of H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.77 and traded as high as C$12.19. H&R Real Estate Investment Trust shares last traded at C$12.15, with a volume of 288,766 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HR.UN. Scotiabank increased their price target on 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 reduced 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 report on Tuesday, July 29th. Finally, Royal Bank Of Canada boosted 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 report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, H&R Real Estate Investment Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of C$13.25.

H&R Real Estate Investment Trust Stock Up 0.4%

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 has a market capitalization of C$3.17 billion, a P/E ratio of -32.67 and a beta of 1.22. The stock's 50 day simple moving average is C$11.90 and its 200 day simple moving average is C$10.82.

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.