H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Crosses Above Two Hundred Day Moving Average on Analyst Downgrade

Key Points

• H&R Real Estate Investment Trust shares crossed above their 200-day moving average after Royal Bank Of Canada raised their price target from C$11.50 to C$13.50.
• The stock currently has a market capitalization of C$2.99 billion and a consensus rating of "Moderate Buy" with an average price target of C$13.10.
• Major analysts have recently adjusted their price targets for H&R, with Scotiabank increasing it to C$14.00, while BMO Capital Markets raised it to C$11.50.

Shares of H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) crossed above its 200-day moving average during trading on Thursday after Royal Bank Of Canada raised their price target on the stock from C$11.50 to C$13.50. The stock has a 200-day moving average of C$10.97 and traded as high as C$11.44. Royal Bank Of Canada currently has an outperform rating on the stock. H&R Real Estate Investment Trust shares last traded at C$11.37, with a volume of 355,988 shares changing hands.

HR.UN has been the topic of a number of other research reports. Scotiabank raised 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 research report on Monday, July 7th. BMO Capital Markets raised their price objective on H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a research report on Thursday, May 22nd. Finally, TD Securities dropped their price objective 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 research report on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$13.10.

H&R Real Estate Investment Trust Stock 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 stock has a market capitalization of C$2.99 billion, a P/E ratio of -30.80 and a beta of 0.95. The company has a fifty day moving average of C$11.84 and a two-hundred day moving average of C$10.97.

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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