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

H&R Real Estate Investment Trust (TSE:HR.UN) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$10.16 and traded as high as C$10.17. H&R Real Estate Investment Trust shares last traded at C$10.04, with a volume of 391,192 shares changing hands.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised H&R Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and set a C$11.50 price target for the company in a report on Wednesday, December 11th.

H&R Real Estate Investment Trust Price Performance

The firm has a market capitalization of C$2.63 billion, a PE ratio of -12.24 and a beta of 1.98. The firm’s fifty day moving average price is C$9.77 and its 200 day moving average price is C$10.16. The company has a current ratio of 0.31, a quick ratio of 0.19 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 assets of approximately $14.5 billion at March 31, 2019. H&R REIT has ownership interests in a North American portfolio of high quality office, retail, industrial and residential properties comprising over 43 million square feet.