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

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$10.09 and traded as high as C$12.02. H&R Real Estate Investment Trust shares last traded at C$11.92, with a volume of 1,226,141 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HR.UN shares. TD Securities raised their target price on shares of H&R Real Estate Investment Trust from C$11.50 to C$14.50 and gave the company a "buy" rating in a research note on Monday, July 7th. Scotiabank raised their target price on shares of H&R Real Estate Investment Trust from C$12.00 to C$14.00 and gave the stock a "sector perform" rating in a 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 Trading Down 0.3%

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 firm has a market cap of C$3.12 billion, a P/E ratio of -14.50 and a beta of 1.98. The company's 50 day simple moving average is C$10.85 and its 200-day simple moving average is C$10.11.

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.