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

H&R Real Estate Investment Trust (TSE:HR.UNGet Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.47 and traded as high as C$11.19. H&R Real Estate Investment Trust shares last traded at C$11.11, with a volume of 477,322 shares changing hands.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on HR.UN

H&R Real Estate Investment Trust Trading Up 0.4%

The company’s 50 day simple moving average is C$10.61 and its 200 day simple moving average is C$10.47. The firm has a market cap of C$2.94 billion, a price-to-earnings ratio of -3.77 and a beta of 0.60. 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.UNGet Free Report) last announced its quarterly earnings data 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 return on equity of 4.16% and a negative net margin of 20.83%.The company had revenue of C$184.25 million for the quarter. As a group, research analysts expect that H&R Real Estate Investment Trust will post 1.3814956 earnings per share for the current fiscal year.

H&R Real Estate Investment Trust Company Profile

(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.

Further Reading

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