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

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$9.92 and traded as high as C$10.59. H&R Real Estate Investment Trust shares last traded at C$10.37, with a volume of 602,524 shares changing hands.

Wall Street Analyst Weigh In

Separately, TD Securities boosted their price objective on H&R Real Estate Investment Trust from C$11.00 to C$12.00 and gave the stock a "buy" rating in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of C$11.35.

H&R Real Estate Investment Trust Stock Performance

The firm has a market cap of C$2.66 billion, a PE ratio of -12.65 and a beta of 1.98. The company has a 50-day simple moving average of C$11.00 and a two-hundred day simple moving average of C$9.92. 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 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.