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.UNGet Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.39 and traded as high as C$10.48. H&R Real Estate Investment Trust shares last traded at C$10.40, with a volume of 1,015,527 shares.

Analyst Upgrades and Downgrades

HR.UN has been the topic of a number of research analyst reports. TD Securities decreased their target price on H&R Real Estate Investment Trust from C$12.00 to C$11.50 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. National Bank Financial set a C$12.00 price target on H&R Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Monday, April 20th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, H&R Real Estate Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of C$12.00.

Check Out Our Latest Stock Report on HR.UN

H&R Real Estate Investment Trust Stock Performance

The company has a market capitalization of C$2.75 billion, a price-to-earnings ratio of -3.53 and a beta of 0.74. The stock has a fifty day moving average price of C$10.31 and a two-hundred day moving average price of C$10.39. The company has a quick ratio of 0.19, a current ratio of 0.31 and a debt-to-equity ratio of 73.68.

H&R Real Estate Investment Trust (TSE:HR.UNGet Free Report) last released its quarterly earnings results on Thursday, May 14th. The real estate investment trust reported C($0.12) earnings per share for the quarter. H&R Real Estate Investment Trust had a negative return on equity of 4.16% and a negative net margin of 20.83%.The company had revenue of C$184.25 million during the quarter. As a group, analysts forecast that H&R Real Estate Investment Trust will post 1.3814956 EPS for the current fiscal year.

About H&R Real Estate Investment Trust

(Get Free Report)

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.

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