H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

H&R Real Estate Investment Trust (TSE:HR.UN) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.29 and traded as low as C$10.17. H&R Real Estate Investment Trust shares last traded at C$10.27, with a volume of 342,902 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Scotiabank lowered their target price on shares of H&R Real Estate Investment Trust from C$12.50 to C$12.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 26th. National Bankshares boosted their price target on shares of H&R Real Estate Investment Trust from C$10.50 to C$10.75 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. BMO Capital Markets increased their price objective on shares of H&R Real Estate Investment Trust from C$11.00 to C$11.50 in a report on Wednesday, November 26th. Finally, CIBC cut their price objective on H&R Real Estate Investment Trust from C$13.50 to C$11.50 in a research report on Monday, November 17th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$12.21.

H&R Real Estate Investment Trust Stock Up 0.5%

The firm has a market capitalization of C$2.70 billion, a PE ratio of -6.58 and a beta of 0.80. The business’s 50 day simple moving average is C$10.60 and its 200 day simple moving average is C$11.29. The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68.

H&R Real Estate Investment Trust (TSE:HR.UN) last announced its earnings results on Friday, November 14th. The real estate investment trust reported C$0.29 earnings per share (EPS) for the quarter. The firm had revenue of C$201.73 million for the quarter. H&R Real Estate Investment Trust had a negative net margin of 20.83% and a negative return on equity of 4.16%. On average, equities research analysts forecast that H&R Real Estate Investment Trust will post 1.3814956 earnings per share for the current year.

H&R Real Estate Investment Trust Company Profile

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. H&R is currently undergoing a five-year, strategic repositioning to transform into a simplified, growth-oriented company focusing on multi-residential and industrial properties to surface significant value for unitholders.