H&R Real Estate Investment Trust (TSE:HR.UN) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

H&R Real Estate Investment Trust (TSE:HR.UN)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.39 and traded as high as C$10.48. H&R Real Estate Investment Trust shares last traded at C$10.40, with a volume of 1,015,527 shares traded.

Wall Street Analyst Weigh In

HR.UN has been the topic of a number of recent analyst reports. National Bank Financial set a C$12.00 price target on shares of H&R Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Monday, April 20th. TD Securities dropped their target price on shares of H&R Real Estate Investment Trust from C$12.00 to C$11.50 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, H&R Real Estate Investment Trust has a consensus rating of “Moderate Buy” and an average price target of C$12.00.

H&R Real Estate Investment Trust Stock Performance

The firm has a market capitalization of C$2.74 billion, a P/E ratio of -3.52 and a beta of 0.60. The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68. The business’s 50 day simple moving average is C$10.33 and its two-hundred day simple moving average is C$10.38.

H&R Real Estate Investment Trust (TSE:HR.UN) last released its quarterly earnings data on Thursday, May 14th. The real estate investment trust reported C($0.12) earnings per share for the quarter. The firm had revenue of C$184.25 million for the quarter. H&R Real Estate Investment Trust had a negative net margin of 20.83% and a negative return on equity of 4.16%. Sell-side analysts anticipate that H&R Real Estate Investment Trust will post 1.3814956 EPS for the current fiscal year.

About H&R Real Estate Investment Trust

H&R REIT is one of Canada’s largest real estate investment trusts. H&R REIT has ownership interests in a Canadian and U.S. portfolio primarily comprised of high-quality residential (operating as Lantower Residential), industrial and office properties comprising approximately 21.3 million square feet.