H&R Real Estate Investment Trust (TSE:HR.UN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.98 and traded as high as $23.25. H&R Real Estate Investment Trust shares last traded at $23.23, with a volume of 146,866 shares traded.
A number of brokerages have recently commented on HR.UN. Desjardins cut shares of H&R Real Estate Investment Trust from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$25.00 to C$24.00 in a research note on Friday, August 16th. Raymond James set a C$23.00 price objective on shares of H&R Real Estate Investment Trust and gave the stock a “market perform” rating in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$25.00.
The business has a fifty day simple moving average of C$22.71 and a two-hundred day simple moving average of C$22.98. The company has a current ratio of 0.24, a quick ratio of 0.17 and a debt-to-equity ratio of 96.51. The company has a market cap of $6.65 billion and a PE ratio of 24.23.
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.
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