H&R Real Estate Investment Trust (TSE:HR.UN) Stock Crosses Above 200-Day Moving Average - Here's Why

Key Points

• H&R Real Estate Investment Trust shares have recently traded above their 200-day moving average of C$10.60, reaching a peak of C$12.20 during trading.
• Multiple analysts have adjusted their price targets for H&R REIT, with Scotiabank raising their target from C$12.00 to C$14.00, reflecting a consensus price target of C$13.25.
• The company has significant assets valued at approximately $10.7 billion and owns a diversified portfolio of properties across North America.

Shares of H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$10.60 and traded as high as C$12.20. H&R Real Estate Investment Trust shares last traded at C$12.19, with a volume of 823,046 shares traded.

Analysts Set New Price Targets

HR.UN has been the topic of several research reports. 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 report on Tuesday, July 29th. Scotiabank upped their price objective on shares of H&R Real Estate Investment Trust from C$12.00 to C$14.00 and gave the stock a "sector perform" rating in a research report on Monday, July 7th. BMO Capital Markets boosted their price target on shares of H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada raised their target price on H&R Real Estate Investment Trust from C$11.50 to C$13.50 and gave the stock an "outperform" rating in a research report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$13.25.

H&R Real Estate Investment Trust Stock Performance

The business has a fifty day moving average of C$11.73 and a 200 day moving average of C$10.65. The company has a market cap of C$3.13 billion, a P/E ratio of -32.27 and a beta of 1.24. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68.

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.