H&R Real Estate Investment Trust (TSE:HR.UN) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of H&R Real Estate Investment Trust (TSE:HR.UN) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.10 and traded as high as C$10.15. H&R Real Estate Investment Trust shares last traded at C$10.12, with a volume of 355,224 shares changing hands.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Scotiabank upped their price objective on shares of H&R Real Estate Investment Trust from C$11.50 to C$11.75 in a research report on Friday, November 15th. Royal Bank of Canada upgraded 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 research note on Wednesday, December 11th.

H&R Real Estate Investment Trust Stock Up 1.2 %

The business has a 50-day moving average price of C$9.44 and a 200-day moving average price of C$10.10. The stock has a market cap of C$2.65 billion, a PE ratio of -12.34 and a beta of 1.98. The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68.

Insiders Place Their Bets

In other news, Senior Officer Robyn Kestenberg bought 3,716 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were acquired at an average price of C$9.41 per share, for a total transaction of C$34,966.07. 1.89% of the stock is currently owned by company insiders.

About H&R Real Estate Investment Trust

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.