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

H&R Real Estate Investment Trust logo with Real Estate background
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H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$10.14 and traded as high as C$10.23. H&R Real Estate Investment Trust shares last traded at C$10.13, with a volume of 408,664 shares changing hands.

Analysts Set New Price Targets

HR.UN has been the topic of a number of research reports. 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 objective on the stock in a research note on Wednesday, December 11th. Scotiabank boosted their price target on shares of H&R Real Estate Investment Trust from C$11.50 to C$11.75 in a research report on Friday, November 15th.

Check Out Our Latest Stock Report on HR.UN

H&R Real Estate Investment Trust Stock Down 1.0 %

The stock's fifty day moving average price is C$9.62 and its 200 day moving average price is C$10.15. 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$2.63 billion, a P/E ratio of -12.24 and a beta of 1.98.

Insider Buying and Selling at H&R Real Estate Investment Trust

In related news, Senior Officer Robyn Kestenberg acquired 3,716 shares of the firm's stock in a transaction dated Friday, December 20th. The shares were purchased at an average price of C$9.41 per share, for a total transaction of C$34,966.07. Company insiders own 1.89% of the company's stock.

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H&R Real Estate Investment Trust Company Profile

(Get Free Report)

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.

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