H&R Real Estate Investment Trust (TSE:HR.UN) Stock Passes Above 200-Day Moving Average of $12.94

H&R Real Estate Investment Trust (TSE:HR.UNGet Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.94 and traded as high as C$13.45. H&R Real Estate Investment Trust shares last traded at C$13.30, with a volume of 940,517 shares trading hands.

Analyst Ratings Changes

HR.UN has been the topic of several analyst reports. BMO Capital Markets set a C$18.00 price objective on shares of H&R Real Estate Investment Trust in a report on Monday, May 16th. CIBC reduced their price target on shares of H&R Real Estate Investment Trust from C$17.50 to C$16.50 in a report on Monday, June 27th. Scotiabank raised their price objective on shares of H&R Real Estate Investment Trust from C$15.25 to C$16.50 in a report on Wednesday, May 18th. Royal Bank of Canada upped their target price on shares of H&R Real Estate Investment Trust from C$14.25 to C$16.00 and gave the stock a “sector perform” rating in a research note on Monday, May 16th. Finally, National Bankshares cut their price target on H&R Real Estate Investment Trust from C$18.50 to C$15.25 and set an “outperform” rating on the stock in a report on Wednesday, July 20th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$16.61.

H&R Real Estate Investment Trust Price Performance

The firm has a market cap of C$3.62 billion and a P/E ratio of 2.68. The company has a current ratio of 0.73, a quick ratio of 0.45 and a debt-to-equity ratio of 75.28. The business has a 50-day moving average of C$13.00 and a two-hundred day moving average of C$12.94.

Insider Buying and Selling

In related news, Director Ronald C. Rutman bought 20,000 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were bought at an average price of C$12.75 per share, for a total transaction of C$254,932.00. Following the completion of the acquisition, the director now directly owns 1,551,000 shares of the company’s stock, valued at C$19,769,976.60.

About H&R Real Estate Investment Trust

(Get Rating)

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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