H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• H&R Real Estate Investment Trust stock price has exceeded its 200-day moving average at C$11.03, reaching a high of C$11.59 during recent trading.
• Brokerages have varying price target adjustments for HR.UN, with Scotiabank raising its target to C$14.00 while National Bankshares lowered it to C$12.50, indicating a consensus target of C$13.10.
• The trust is valued at a market cap of C$3.04 billion and has a current ratio of 0.31, reflecting a relatively high debt-to-equity ratio of 73.68.

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.03 and traded as high as C$11.59. H&R Real Estate Investment Trust shares last traded at C$11.56, with a volume of 1,060,414 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HR.UN. Scotiabank boosted their price target 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 report on Monday, July 7th. National Bankshares dropped their price objective on shares of H&R Real Estate Investment Trust from C$13.00 to C$12.50 and set a "sector perform" rating on the stock in a research note on Wednesday, October 8th. Royal Bank Of Canada boosted their price objective on shares of H&R Real Estate Investment Trust from C$11.50 to C$13.50 and gave the stock an "outperform" rating in a research note on Friday, August 15th. Finally, TD Securities dropped their price objective on shares of 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 note on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$13.10.

H&R Real Estate Investment Trust Price Performance

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's 50 day moving average is C$11.82 and its 200 day moving average is C$11.03. The firm has a market cap of C$3.04 billion, a P/E ratio of -31.32 and a beta of 0.95.

About H&R Real Estate Investment Trust

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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