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H&R Real Estate Investment Trust (TSE:HR.UN) Shares Pass Above 200-Day Moving Average - What's Next?

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

Key Points

  • H&R Real Estate Investment Trust shares have crossed above their 200-day moving average, reaching a trading high of C$12.14, with the last trade at C$12.10 and a volume of 489,331 shares.
  • Several brokerages have adjusted their price targets for H&R REIT, with the consensus target price set at C$13.25 and a rating of "Moderate Buy" among analysts.
  • The company has a market capitalization of C$3.18 billion and holds substantial real estate assets, comprising over 29.4 million square feet across various property sectors in North America.
  • MarketBeat previews the top five stocks to own by October 1st.

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.69 and traded as high as C$12.14. H&R Real Estate Investment Trust shares last traded at C$12.10, with a volume of 489,331 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently commented on HR.UN. 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 for the company in a research report on Tuesday, July 29th. Scotiabank increased their price objective 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. BMO Capital Markets boosted their target price on H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada boosted their target price on H&R Real Estate Investment Trust from C$11.50 to C$13.50 and gave the company an "outperform" rating in a research note on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$13.25.

Check Out Our Latest Analysis on HR.UN

H&R Real Estate Investment Trust Stock Up 1.3%

The stock has a fifty day moving average price of C$11.81 and a 200 day moving average price of C$10.69. 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 stock has a market capitalization of C$3.18 billion, a P/E ratio of -32.78 and a beta of 1.22.

About H&R Real Estate Investment Trust

(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.

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