H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

H&R Real Estate Investment Trust (TSE:HR.UN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.59 and traded as high as C$11.20. H&R Real Estate Investment Trust shares last traded at C$11.08, with a volume of 764,447 shares trading 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 stock an “outperform” rating in a research note on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$12.00.

H&R Real Estate Investment Trust Stock Performance

The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68. The firm has a market cap of C$2.93 billion, a price-to-earnings ratio of -3.76 and a beta of 0.57. The stock has a fifty day moving average price of C$10.82 and a 200 day moving average price of C$10.59.

H&R Real Estate Investment Trust (TSE:HR.UN) last posted its 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 predict that H&R Real Estate Investment Trust will post 1.3814956 earnings per share for the current year.

H&R Real Estate Investment Trust Company Profile

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.