H&R Real Estate Investment Trust (TSE:HR.UN) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

H&R Real Estate Investment Trust (TSE:HR.UN)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.02 and traded as low as C$9.24. H&R Real Estate Investment Trust shares last traded at C$9.30, with a volume of 982,182 shares.

Analyst Upgrades and Downgrades

HR.UN has been the subject of several recent research reports. Royal Bank of Canada upgraded shares of H&R Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and set a C$11.50 price target for the company in a report on Wednesday, December 11th. Scotiabank upped their target price on H&R Real Estate Investment Trust from C$11.50 to C$11.75 in a report on Friday, November 15th. Finally, TD Securities lifted their price target on H&R Real Estate Investment Trust from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Wednesday, September 4th.

H&R Real Estate Investment Trust Price Performance

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 of C$10.04 and a 200-day moving average of C$10.02. The company has a market cap of C$2.43 billion, a PE ratio of -11.32 and a beta of 1.98.

Insider Transactions at H&R Real Estate Investment Trust

In related news, Senior Officer Robyn Kestenberg purchased 3,716 shares of H&R Real Estate Investment Trust stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average cost of C$9.41 per share, for a total transaction of C$34,966.07. Company insiders own 1.89% of the company’s stock.

H&R Real Estate Investment Trust Company Profile

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.