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

Key Points

• H&R Real Estate Investment Trust shares have recently surpassed their two hundred day moving average, trading at C$11.54 after reaching a high of C$11.76.
• Analysts have updated their price targets, with TD Securities lowering their target to C$14.00 while Scotiabank raised theirs to the same value, reflecting varied outlooks on the stock.
• The company boasts a market capitalization of C$3.02 billion, alongside a significant debt-to-equity ratio of 73.68, indicating potential financial leverage concerns.

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$10.30 and traded as high as C$11.76. H&R Real Estate Investment Trust shares last traded at C$11.54, with a volume of 459,999 shares trading hands.

Analyst Ratings Changes

A number of research firms recently weighed in 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 research report on Monday, July 7th. TD Securities lowered 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 report on Tuesday, July 29th. Finally, BMO Capital Markets lifted their price target on H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a report on Thursday, May 22nd.

H&R Real Estate Investment Trust Stock Up 0.4%

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 market cap of C$3.04 billion, a PE ratio of -14.15 and a beta of 1.98. The business has a fifty day moving average price of C$11.33 and a two-hundred day moving average price of C$10.35.

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.