H&R Real Estate Investment Trust (TSE:HR.UN) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

H&R Real Estate Investment Trust (TSE:HR.UN)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$10.40 and traded as high as C$10.54. H&R Real Estate Investment Trust shares last traded at C$10.49, with a volume of 451,172 shares traded.

Analyst Ratings Changes

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

H&R Real Estate Investment Trust Stock Up 1.2%

The company has a market capitalization of C$2.78 billion, a P/E ratio of -3.56 and a beta of 0.60. 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 50 day moving average price of C$10.37 and a 200 day moving average price of C$10.40.

H&R Real Estate Investment Trust (TSE:HR.UN) last released its earnings results on Thursday, May 14th. The real estate investment trust reported C($0.12) EPS for the quarter. The business had revenue of C$184.25 million 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%. Equities research analysts forecast 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

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.