H&R Real Estate Investment Trust (TSE:HR.UN) Shares Pass Above 200-Day Moving Average of $0.00

H&R Real Estate Investment Trust (TSE:HR.UN)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $23.10. H&R Real Estate Investment Trust shares last traded at $22.89, with a volume of 171,702 shares.

HR.UN has been the topic of a number of research analyst reports. National Bank Financial increased their price target on shares of H&R Real Estate Investment Trust from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Desjardins lowered shares of H&R Real Estate Investment Trust from a “buy” rating to a “hold” rating and reduced their target price for the company from C$25.00 to C$24.00 in a report on Friday. CIBC increased their target price on shares of H&R Real Estate Investment Trust from C$25.00 to C$26.00 in a report on Thursday, May 16th. Finally, BMO Capital Markets increased their target price on shares of H&R Real Estate Investment Trust from C$24.50 to C$25.00 in a report on Thursday, May 16th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. H&R Real Estate Investment Trust presently has a consensus rating of “Buy” and a consensus target price of C$25.33.

The company has a current ratio of 0.19, a quick ratio of 0.09 and a debt-to-equity ratio of 97.76. The company’s fifty day moving average is C$22.99 and its 200 day moving average is C$22.97. The company has a market cap of $6.45 billion and a P/E ratio of 23.64.



In related news, Director Ronald C. Rutman sold 6,600 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$22.84, for a total transaction of C$150,744.66. Following the transaction, the director now owns 43,400 shares of the company’s stock, valued at approximately C$991,260.34.

About H&R Real Estate Investment Trust (TSE:HR.UN)

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.

Recommended Story: Options Trading – Understanding Strike Price

Receive News & Ratings for H&R Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&R Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.