H&R Real Estate Investment Trust (TSE:HR.UN) Shares Pass Above 200 Day Moving Average – Time to Sell?

H&R Real Estate Investment Trust (TSE:HR.UN)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.12 and traded as high as C$10.31. H&R Real Estate Investment Trust shares last traded at C$10.24, with a volume of 327,763 shares traded.

Analyst Upgrades and Downgrades

HR.UN has been the subject of a number of research reports. Scotiabank increased their price objective on H&R Real Estate Investment Trust from C$11.50 to C$11.75 in a report on Friday, November 15th. 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 for the company in a report on Wednesday, December 11th.

H&R Real Estate Investment Trust Stock Up 0.8 %

The stock has a market capitalization of C$2.68 billion, a price-to-earnings ratio of -12.49 and a beta of 1.98. The firm has a 50-day moving average of C$9.52 and a 200 day moving average of C$10.12. The company has a debt-to-equity ratio of 73.68, a current ratio of 0.31 and a quick ratio of 0.19.

Insider Activity

In other news, Senior Officer Robyn Kestenberg bought 3,716 shares of the stock in a transaction dated Friday, December 20th. The shares were bought at an average price of C$9.41 per share, for a total transaction of C$34,966.07. Insiders own 1.89% of the company’s stock.

About H&R Real Estate Investment Trust

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.