H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Crosses Above Two Hundred Day Moving Average of $9.38

H&R Real Estate Investment Trust (TSE:HR.UN)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.38 and traded as high as C$9.41. H&R Real Estate Investment Trust shares last traded at C$9.32, with a volume of 232,938 shares.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HR.UN. Scotiabank upped their price target on H&R Real Estate Investment Trust from C$11.00 to C$11.25 and gave the stock a “sector perform” rating in a research report on Friday, May 17th. National Bankshares upped their price target on H&R Real Estate Investment Trust from C$10.00 to C$10.50 and gave the stock a “sector perform” rating in a research report on Monday, January 29th.

H&R Real Estate Investment Trust Stock Performance

The business has a 50-day moving average price of C$9.19 and a 200-day moving average price of C$9.38. The firm has a market capitalization of C$2.44 billion, a price-to-earnings ratio of 40.52 and a beta of 1.96. The company has a quick ratio of 0.19, a current ratio of 1.09 and a debt-to-equity ratio of 74.56.

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.