H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• H&R Real Estate Investment Trust shares exceed their 200-day moving average, trading at C$11.69, with a volume of 843,867 shares on Tuesday.
• Analysts have mixed ratings, with TD Securities reducing its price target from C$14.50 to C$14.00, while Scotiabank increased its target from C$12.00 to C$14.00.
• H&R REIT has a market capitalization of C$3.06 billion and holds a diversified portfolio across North America consisting of over 29.4 million square feet.

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.40 and traded as high as C$11.89. H&R Real Estate Investment Trust shares last traded at C$11.69, with a volume of 843,867 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of 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. BMO Capital Markets raised their target price on shares of H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a research note on Thursday, May 22nd. 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 company a "sector perform" rating in a research note on Monday, July 7th. Finally, TD Securities cut their target price on shares of 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 note on Tuesday, July 29th.

H&R Real Estate Investment Trust Stock Performance

The stock has a market capitalization of C$3.11 billion, a P/E ratio of -14.46 and a beta of 1.98. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31. The company's fifty day simple moving average is C$11.42 and its two-hundred day simple moving average is C$10.42.

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.