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

H&R Real Estate Investment Trust (TSE:HR.UN)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.85 and traded as high as C$10.98. H&R Real Estate Investment Trust shares last traded at C$10.79, with a volume of 365,448 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HR.UN shares. BMO Capital Markets lifted their target price on shares of H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a research report on Thursday, May 22nd. TD Securities lifted their target price on shares of H&R Real Estate Investment Trust from C$11.00 to C$11.50 and gave the stock a “buy” rating in a research report on Thursday, May 22nd.

H&R Real Estate Investment Trust Stock Performance

The company’s 50-day simple moving average is C$10.20 and its 200 day simple moving average is C$9.85. The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68. The stock has a market cap of C$2.83 billion, a P/E ratio of -13.16 and a beta of 1.98.

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.