H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

H&R Real Estate Investment Trust (TSE:HR.UN)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.59 and traded as high as C$11.20. H&R Real Estate Investment Trust shares last traded at C$11.08, with a volume of 764,447 shares traded.

Analyst Ratings Changes

Separately, National Bank Financial set a C$12.00 price objective on shares of H&R Real Estate Investment Trust and gave the stock an “outperform” rating in a research note on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$12.00.

H&R Real Estate Investment Trust Stock Performance

The firm’s fifty day moving average is C$10.82 and its 200 day moving average is C$10.59. The firm has a market capitalization of C$2.93 billion, a price-to-earnings ratio of -3.76 and a beta of 0.57. The company has a debt-to-equity ratio of 73.68, a current ratio of 0.31 and a quick ratio of 0.19.

H&R Real Estate Investment Trust (TSE:HR.UN) last posted its quarterly earnings results on Thursday, May 14th. The real estate investment trust reported C($0.12) EPS 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%. The company had revenue of C$184.25 million for the quarter. On average, analysts predict that H&R Real Estate Investment Trust will post 1.3814956 EPS for the current fiscal year.

About H&R Real Estate Investment Trust

H&R REIT is one of Canada’s largest real estate investment trusts. H&R REIT has ownership interests in a Canadian and U.S. portfolio primarily comprised of high-quality residential (operating as Lantower Residential), industrial and office properties comprising approximately 21.3 million square feet.