H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Shares of H&R Real Estate Investment Trust (TSE:HR.UN) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$10.14 and traded as high as C$10.23. H&R Real Estate Investment Trust shares last traded at C$10.13, with a volume of 408,664 shares.

Analyst Ratings Changes

A number of equities analysts have commented on HR.UN shares. Scotiabank boosted their price objective on shares of 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 shares of H&R Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and set a C$11.50 price objective on the stock in a report on Wednesday, December 11th.

H&R Real Estate Investment Trust Price Performance

The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31. The stock has a market cap of C$2.66 billion, a price-to-earnings ratio of -12.37 and a beta of 1.98. The business’s fifty day simple moving average is C$9.62 and its 200 day simple moving average is C$10.14.

Insider Activity

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

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.