H&R Real Estate Investment Trust (TSE:HR.UN) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

H&R Real Estate Investment Trust (TSE:HR.UN) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.77 and traded as high as C$10.73. H&R Real Estate Investment Trust shares last traded at C$10.71, with a volume of 351,516 shares changing hands.

Analyst Ratings Changes

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

H&R Real Estate Investment Trust Trading Up 1.2%

The firm has a market cap of C$2.81 billion, a P/E ratio of -13.06 and a beta of 1.98. The company has a debt-to-equity ratio of 73.68, a current ratio of 0.31 and a quick ratio of 0.19. The stock has a 50 day moving average of C$9.89 and a 200 day moving average of C$9.77.

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.