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

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report)'s share price passed 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.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded 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 research note on Wednesday, December 11th.

H&R Real Estate Investment Trust Price Performance

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 50 day simple moving average of C$9.82 and a 200-day simple moving average of C$10.15. The firm has a market cap of C$2.62 billion, a PE ratio of -12.18 and a beta of 1.98.

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.